Timothy C. Stonesifer Sells 56,170 Shares of Hewlett Packard Enterprise Company (HPE) Stock

Hewlett Packard Enterprise Company (NYSE:HPE) CFO Timothy C. Stonesifer sold 56,170 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $13.79, for a total transaction of $774,584.30. Following the completion of the sale, the chief financial officer now owns 177,634 shares of the company’s stock, valued at approximately $2,449,572.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hewlett Packard Enterprise Company (NYSE:HPE) opened at $13.50 on Friday. The firm has a market cap of $22.07 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.75 and a beta of 2.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. research analysts anticipate that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.

Hewlett Packard Enterprise announced that its board has authorized a stock repurchase program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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A number of analysts recently issued reports on HPE shares. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Mizuho restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Maxim Group restated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.79.

A number of hedge funds have recently bought and sold shares of HPE. Dodge & Cox lifted its holdings in Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after purchasing an additional 25,852,541 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 32.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after purchasing an additional 16,592,308 shares during the period. Pzena Investment Management LLC lifted its holdings in Hewlett Packard Enterprise by 69.7% in the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after purchasing an additional 15,431,606 shares during the period. Victory Capital Management Inc. lifted its holdings in Hewlett Packard Enterprise by 145.3% in the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock worth $170,315,000 after purchasing an additional 6,081,628 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Hewlett Packard Enterprise by 40.4% in the second quarter. JPMorgan Chase & Co. now owns 15,073,920 shares of the technology company’s stock worth $250,075,000 after purchasing an additional 4,339,462 shares during the period. 81.16% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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