Budros Ruhlin & Roe Inc. increased its holdings in Hewlett Packard Enterprise by 1.4% in the 2nd quarter. OMERS ADMINISTRATION Corp acquired a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $2,193,000. As of the end of the quarter Amf Pensionsforsakring Ab had disposed of a total of 129,850 shares trimming its holdings by 6.1%. The stock now has Weekly Volatility of 1.49% and Monthly Volatility of 2.03%. The value of the company's investment in Hewlett-Packard Company went from $237,538,000 to $271,147,000 a change of $33,609,000 quarter over quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Hewlett Packard Enterprise by 58.3% in the third quarter. California State Teachers Retirement System now owns 3,028,492 shares with a value of $60,449,000.
The company is so far trading down by 0.19% since yesterday's close of 21.23. Of all companies tracked, Hewlett Packard Enterprise had the 27th highest net in-flow for the day. The most current P/E ratio is 15.42 and market capitalization is 35.78B.
Hewlett Packard Enterprise Company (NYSE:HPE) opened at $13.70 on Monday. Analysts forecast earnings per share of $0.28, down exactly $0.33 or 54.10 % from 2014's $0.61 EPS. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. The expected HPE's profit could reach $453.37 million giving the stock 11.91 P/E in the case that $0.28 earnings per share is reported.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.19%. Hewlett Packard Enterprise's dividend payout ratio is now 371.48%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is now 371.48%.
Hewlett Packard Enterprise declared that its Board of Directors has authorized a share buyback program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in shares. The company has market cap of $21.60 billion. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.
WARNING: This piece of content was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & global trademark and copyright laws. Deutsche Bank AG cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, September 6th.
On October 20 Mizuho made no change to the stock rating of "Hold" with a current price target of $14.00.
Several analysts recently issued reports on HPE shares.
Among 30 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 8 have Buy rating, 3 Sell and 19 Hold.
Morgan Stanley raised the price target on October 13 boosting the projection from $23.00 to $25.00 with a rating of "Overweight". Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $17.79. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the transaction, the senior vice president now owns 24,846 shares of the company's stock, valued at $333,681.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret C. Whitman sold 389,668 shares of the business's stock in a transaction on Wednesday, August 16th. 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. The disclosure for this sale can be found here. Insiders sold 3,309,941 shares of company stock worth $48,162,528 in the last 90 days. Hedge funds and other institutional investors own 81.96% of the company's stock.