Hewlett Packard Enterprise Company (NYSE:HPE) reported Market Capitalization of 31.77 Billion
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 13:22
Hedge funds and other institutional investors have recently made changes to their positions in the stock.
"As flash permeates the datacenter it has become critical to move beyond the array - from predictive analytics to data protection to investment strategies", said Bill Philbin, senior vice president, Data Center Infrastructure Group, Hewlett Packard Enterprise. The average analysts gave this company a mean recommendation of 2.50. Hennessy Advisors Inc. purchased a new stake in Hewlett Packard Enterprise during the first quarter valued at $3,943,000. Hotchkis & Wiley Capital Management LLC increased its position in Hewlett Packard Enterprise by 94.0% in the fourth quarter. Looking out over the past year, company shares have been recorded -1.88% off the 52 week high and 49.02% away from the low over the same period. These ratios are important while doing valuation of the company or the shares of the company. 3,175,604 shares of the company traded hands.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 9.03%, and has a solid year to date (YTD) performance of 9.08% which means the stock is constantly adding to its value from the previous fiscal year end price. The company has a market cap of $31.13 billion, a P/E ratio of 10.18 and a beta of 3.05.
EPS is often the first number companies report to shareholders in their quarterly earnings calls. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $12.09 billion. Presently, it has a Return on Equity (ROE) of 10.00% and Return on Investment (ROI) of 6.80%. The business's quarterly revenue was down 10.4% compared to the same quarter previous year.
Now the shares of Hewlett Packard Enterprise Company (HPE) has a trading volume of 11.77 Million shares, with an average trading volume of 13130 shares - with shares dropping to a 52 week low of $11.98, and the company's shares hitting a 52 week high of $ 19.16.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th.
The dividend yield for the company is hovering around 1.37% while the pay out ratio is now at 13.30%. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise's payout ratio is now 14.21%.
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About 3.51M shares traded. The rating was maintained by FBR Capital with "Mkt Perform" on Wednesday, November 23. Jefferies Group LLC restated a "buy" rating and issued a $27.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, February 24th.
HPE's peers Apple (AAPL), Nokia (NOK), Fitbit (FIT), and Cisco Systems (CSCO) are trading at price-to-EBITDA multiples of 11.5x, 30.9x, -7.1x, and 10.4x, respectively. As per Friday, February 24, the company rating was downgraded by Needham. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock.
Over the last 5 years, Hewlett Packard Enterprise Company has averaged a -4.30% revenue growth rate.
In other news, EVP Michael G. Nefkens sold 322,733 shares of the firm's stock in a transaction that occurred on Wednesday, March 8th. The price-to-book ratio is a ratio used to compare a stock's market value to its book value. If we take a look on its volatility, 6.55 percent was seen in a week and for the month it was 6.53 percent. The stock was sold at an average price of $18.99, for a total value of $122,675.40. 13,436,562 shares of the company's stock were exchanged. The disclosure for this sale can be found here. Spark Investment Management LLC now owns 415,300 shares of the technology company's stock valued at $9,448,000 after buying an additional 233,600 shares during the period.