Quarterly Financial Update for Hewlett Packard Enterprise Company (NYSE:HPE)

What Analysts Expect for Hewlett Packard Enterprise in 4Q17

What Analysts Expect for Hewlett Packard Enterprise in 4Q17

Let's have a look at some of the important valuation ratios of the Hewlett Packard Enterprise Company (HPE). Of all companies tracked, Hewlett Packard Enterprise had the 27th highest net in-flow for the day.

HPE has been the subject of several research reports.

Morgan Stanley raised the price target on October 13 boosting the projection from $23.00 to $25.00 and issued a "Overweight" rating. Hewlett Packard Enterprise had 44 analyst reports since November 3, 2015 according to SRatingsIntel.

October 19 investment analysts at Robert W. Baird maintained a company rating of "Hold" projecting a price of $16.00. BidaskClub downgraded Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a report on Saturday, August 5th.

The stock has a market capitalization of $22,186.66, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.76 and a beta of 2.59.

The company is so far trading down by 0.19% since yesterday's close of 21.23. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. State of Tennessee Treasury Department's holdings in Hewlett Packard Enterprise were worth $6,574,000 as of its most recent filing with the Securities and Exchange Commission. Shareholders of record on Wednesday, December 13th will be given a $0.075 dividend. The company's revenue for the quarter was up 2.5% on a year-over-year basis. equities analysts predict that Hewlett Packard Enterprise Company will post 1.38 EPS for the current fiscal year. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. Hewlett Packard Enterprise's dividend payout ratio is now 371.48%.

Hewlett Packard Enterprise announced that its board has authorized a share buyback plan on Wednesday, October 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

In related news, CEO Margaret C. Whitman sold 1,494,094 shares of the company's stock in a transaction on Friday, September 22nd. The total value of its holdings decreased 11.8%.

Amalgamated Bank grew its ownership by buying 3,417 shares an increase of 1.8%. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The disclosure for this sale can be found here. Motco now owns 10,633 shares of the technology company's stock valued at $176,000 after purchasing an additional 9,600 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Hewlett Packard Enterprise by 40.4% in the 2nd quarter. California State Teachers Retirement System now owns 3,028,492 shares with a value of $60,449,000. Hewlett Packard Enterprise's dividend payout ratio (DPR) is now 371.48%. Hotchkis & Wiley Capital Management LLC raised its stake in Hewlett Packard Enterprise by 19.5% during the third quarter. Synovus Financial Corp now owns 254,871 shares of the technology company's stock valued at $4,226,000 after purchasing an additional 26,288 shares in the last quarter. Pzena Investment Management LLC raised its stake in Hewlett Packard Enterprise by 69.7% during the third quarter. The value of the company's investment in Hewlett Packard Enterprise Comp went from $52,496,000 to $43,335,000 a change of $9,161,000 quarter to quarter. As of the end of the quarter Dimensional Fund Advisors Lp had sold a total of 84,537 shares trimming its holdings by 0.6%. Following the completion of the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at approximately $11,722,430.52. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company's stock valued at $409,000 after purchasing an additional 352 shares in the last quarter.

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Hewlett Packard Enterprise Company is a provider of technology solutions. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).