HPE posts steep revenue decline in key servers business
- Author: Zachary Reyes May 31, 2017,
May 31, 2017, 23:57
Hewlett Packard Enterprise Co (NYSE HPE) traded up 0.11% during mid-day trading on Tuesday, reaching $18.85.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) shares has displayed a low EPS growth of -53.00% in last 5 years. The shares were sold at an average price of $18.99, for a total value of $122,675.40. Hewlett Packard Enterprise Co (NYSE:HPE) shares are trading -1.62% away from the 52-week high mark of $19.16 and +48.31% far from the 52-week bottom of $12.71. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The firm's 50-day moving average is $18.63 and its 200 day moving average is $21.90.
On the close of 05/30/2017 Hewlett Packard Enterprise Company (NYSE:HPE) jumped 0.11% to hit $18.85.
In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 831,311 shares of the firm's stock in a transaction that occurred on Friday, March 10th. The stock has a 1-year performance up 37.79% and positive at 0.32% in last five trading sessions. Guardian Life Insurance Co. of America increased its position in Hewlett Packard Enterprise by 0.7% in the first quarter.
Additionally on 4/04/17 Berenberg "Initiates Coverage On" Hewlett Packard Enterprise Comp (NYSE:HPE) to Hold setting price target at $0 and on 2/28/17 Argus "Downgrades" the stock to Hold at $0. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. AQR Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 527.0% in the fourth quarter. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. Investors of record on Wednesday, June 14th will be issued a dividend of $0.065 per share.
Among 15 analysts covering Hewlett Packard (HPE), 5 have Buy rating, 2 Sell and 8 Hold. It has a dividend yield of 1.40% and a 5 year dividend growth rate of 0.00%. The ex-dividend date is Monday, June 12th. If you are reading this article on another website, it was stolen and republished in violation of US and global copyright & trademark law. Following the completion of the sale, the executive vice president now directly owns 474,245 shares in the company, valued at $10,627,830.45. Barclays Capital initiated Hewlett Packard Enterprise Co (NYSE:HPE) rating on Wednesday, November 4. Analysts set a 12-month price target of $20.24 a share. Analysts expected HPE to report earnings of 35 cents on sales of $9.64 billion. Though this may be boring for some, the combination of a consistent dividend with an increasing stock price can offer earnings potential powerful enough to get excited about.
HPE has been paying dividends since 2016 and has raised their dividend for 0 consecutive years. The current price is seen ranging between $22.25 and $22.49. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) earned "Buy" rating by UBS on Wednesday, November 4. The Company's segments include: Enterprise Group, Software, Financial Services and Corporate Investments.
Hewlett said its "enterprise group" saw sales decline 13%, with server sales down 14%, and storage technology revenue down 13%. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology.