Hewlett Packard Rides Q1 Figures to Solid Open

Marlene Weaver
February 26, 2018

Parametric Portfolio Associates LLC lifted its stake in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Analysts are expecting that the company may be attaining earnings growth of 9.39% for next five years. Clear Harbor Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $158,000. Hewlett Packard Enterprise has a 52-week low of $12.81 and a 52-week high of $19.16. G2 Investment Partners Management Llc owns 111,778 shares or 4.05% of their U.S. portfolio. The company has Weekly Volatility of 1.71%% and Monthly Volatility of 2.47%. WFG Advisors LP grew its position in Hewlett Packard Enterprise by 15.3% in the 2nd quarter. The company's institutional ownership is monitored at 0 percent. Corporate insiders own 1.18% of the company's stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. This metric reflects the average amount a stock's price has differed from the mean over a period of time. The disclosure for this sale can be found here. The overall volume in the last trading session was 10.93 million shares.

Several research firms recently commented on HPE. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $24.88.

Hewlett Packard Enterprise Company (HPE) surged 0.98% yesterday to close its trading session at $16.41. Hewlett Packard Enterprise comprises approximately 3.1% of Pzena Investment Management LLC's holdings, making the stock its 2nd biggest holding.

ILLEGAL ACTIVITY NOTICE: "Analysts Set Hewlett Packard Enterprise Co (HPE) Price Target at $16.00" was originally reported by Week Herald and is the property of of Week Herald. Finally, Royal Bank of Canada reaffirmed a "hold" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. It has forward price to earnings ratio of 12.71. Finally, Maxim Group boosted their price target on Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Friday.

The enterprise information technology company posted first-quarter revenue of $7.7 billion, rising compared to the year-ago quarter. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.07 billion.

First quarter non-GAAP net EPS from continuing operations was $0.34, up from $0.28 in the prior-year period.

HPE's newly appointed chief executive, Antonio Neri, said the company plans to return $7 billion to shareholders in the form of share repurchases and dividends by the end of fiscal 2019 due to the recent USA tax reform.

HPE also plans plans to offer $7 billion in share repurchases and dividends to shareholders by the end of fiscal 2019. The stock has 52-week high of $80.7 and 52-Week low of $56.55. Jefferies maintained the shares of HPE in report on Wednesday, June 7 with "Buy" rating.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th.

On 11/10/2016 Hewlett Packard Enterprise announced a quarterly dividend of $0.07 1.13% with an ex dividend date of 12/12/2016 which will be payable on 1/4/2017. Hewlett Packard Enterprise's payout ratio is presently 120.00%. If you are reading this article on another website, it was copied illegally and republished in violation of US and worldwide copyright legislation. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and global copyright and trademark laws. The Enterprise Group is the company's largest revenue contributor, accounting for more than half of total revenues.

Meanwhile, HPE said intelligent edge revenue was $620 million, up 9 percent from a year ago, and financial services revenue was $888 million, up 8 percent from last year.

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