Published: Thu, October 19, 2017
Money | By Armando Alvarado

Hewlett Packard Enterprise (HPE) Authorizes Share Buyback Plan

Hewlett Packard Enterprise (HPE) Authorizes Share Buyback Plan

6,131,631 shares of the company's stock traded hands. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/19/hewlett-packard-enterprise-hpe-authorizes-share-buyback-plan.html.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. (NYSE:STNG) are owned by insiders with 0.00% six-month change in the insider ownership. For the quarter, shares have been noted at 5.87%. The Stock now has a Weekly Volatility of 1.79% and Monthly Volatility of 2.08%. The co's performance for 6 months was surged of 3.72%, 1-year performance stands at 18.20% and year to date showing isolated positively performance of 8.65%.

Shares of Popular, Inc. Prudential PLC now owns 974,935 shares of the technology company's stock valued at $16,174,000 after buying an additional 140,946 shares in the last quarter. Finally, Primecap Management Co. YorkBridge Wealth Partners LLC increased its stake in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. Drilling down, the stock is 8.97% for the past month and -1.61% for the week. If you are reading this story on another site, it was copied illegally and republished in violation of US & global copyright & trademark laws.

A number of research analysts have recently commented on the stock. A 4 analysts rate it as either a buy or a strong buy, while 2 believe that investors should either steer clear of (NASDAQ:PDCO) or, if they already own its stock, sell it. Loop Capital reissued a "hold" rating and issued a $14.50 price objective (down from $17.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Shares of HPE have uptrended 5.87% in the past three months, while the S&P 500 has moved 5.59% in that time. Hewlett Packard has $29.0 highest and $14 lowest target. Archford Capital Strategies LLC boosted its position in shares of Hewlett Packard Enterprise by 6,858.7% in the 2nd quarter. Seven analysts rating the company a strong buy, five analysts rating the company a buy, fifteen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $13.50. According to First Call, the consensus price target for the company is $15.55. The PT for HPE is set to $14. The stock has a 50 day moving average of $14.23 and a 200 day moving average of $13.88. Analysts rating the company a 1 or 2 indicate a Buy recommendation.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th.

The outlook, which appeared to have little impact on HPE's shares, was delivered at the company's annual meeting with analysts, where company officials said they were expecting modest revenue growth for the year when adjusted for sales to large cloud service providers.

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Further, Price to Book ratio for Hewlett Packard Enterprise Company NYSE:HPE is 0.826143.

Hewlett Packard Enterprise Company (NYSE:HPE) that has shown a discernible change in trend levels over the path of recent market activity. Next quarter's EPS is forecasted to be $0.27 and the next full year EPS is anticipated to be $1.20. The cost of selling goods last quarter was 5.63 billion, yielding a gross basic income of 2.63 billion.

Many analysts are providing their Estimated Earnings analysis for Hewlett Packard Enterprise Company and for the current quarter 18 analysts have projected that the stock could give an Average Earnings estimate of $0.28/share. The average true range is a moving average, generally 14 days, of the true ranges.

The company is down by 1.68% percent from yesterday's close. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the business's stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $17.45, for a total transaction of $2,415,097.45.

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. Insiders have sold a total of 3,655,534 shares of company stock valued at $55,953,330 in the last quarter. An example is a stock in a big technology company.

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