Hewlett Packard Enterprise (HPE) Releases Q2 Earnings Guidance

Hewlett Packard Enterprise

Hewlett Packard Enterprise

The company has been working under new CEO Antonio Neri since former boss Meg Whitman stepped down on February 1. The total volume of 15.67 Million shares held in the session, while on average its shares change hands 11332.11 shares. Parametric Portfolio Associates LLC now owns 5,602,984 shares of the technology company's stock valued at $82,420,000 after purchasing an additional 45,636 shares during the last quarter. The disclosure for this sale can be found here. KeyBanc Capital Markets maintained the stock with "Hold" rating in Thursday, October 19 report. Analyst's mean target price for HPE is $15.52 while analysts mean recommendation is 2.70. Hewlett Packard Enterprise's payout ratio is now 120.00%. HPE is reporting a GAAP diluted earnings per share (EPS) of $0.89 a big jump from the expected $0.01-$0.05 (according the HPE they believe this is primarily due to the recent tax reform law passed in the United States). Over the last 90 days, insiders sold 1,407,123 shares of company stock valued at $22,389,810.

In stocks, tech shares climbed 2.17 percent led by gains in Hewlett Packard Enterprise, which rose 10.5 percent and HP Inc, up 3.5 percent.

Taking a deeper look into the technical levels of Hewlett Packard Enterprise Comp (HPE), we can see that the Williams Percent Range or 14 day Williams %R now sits at -5.08.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Thursday, February 22nd.

Analyst's ratings determines the future of any company. BMO Capital Markets boosted their price objective on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a "market perform" rating in a report on Friday.

TRADEMARK VIOLATION NOTICE: "Hewlett Packard Enterprise (HPE) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS" was posted by Equities Focus and is the sole property of of Equities Focus. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The return on assets stands at 0.5%, Return on Equity now is 1.2% and the Return on Investment value is 2.1%.

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On 12/18/2017 Henry Gomez, EVP, sold 119,515 with an average share price of $14.87 per share and the total transaction amounting to $1,777,188.05.

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a company's financial position. The firm shows the market capitalization of $26.09 Billion. The stock is a Buy among 5 brokerage firms polled by Factset Research.

New capital allocation: Announces plan to return $7B to shareholders through FY19 in the form of share repurchases and a 50% dividend increase starting in Q3.

Several hedge funds and other institutional investors have recently modified their holdings of the company. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. The firm offers microcontrollers and microprocessors, smart analog ICs, secure microcomputer units, software and tools, power MOSFETs, insulated-gate bipolar transistors, intelligent power devices, triac and thyristor devices, transistors, diodes, power management ICs, analog ICs for automotive, analog and mixed signal ICs and graphic controllers, general-purpose linear ICs, and general-purpose logic devices. The ex-dividend date of this dividend is Tuesday, March 13th.

WARNING: This piece was first published by Enterprise Leader and is the property of of Enterprise Leader. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright legislation. Greenleaf Trust grew its stake in Hewlett Packard Enterprise by 20.4% during the 4th quarter.

Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises.

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