Hewlett Packard Enterprise (NYSE:HPE) Given Coverage Optimism Score of 0.19

News headlines about Hewlett Packard Enterprise (NYSE:HPE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.7936260361407 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s rankings:

Several equities research analysts have recently issued reports on HPE shares. Jefferies Group restated a “buy” rating and set a $17.50 price objective (down previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Mizuho restated a “hold” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price objective (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, ValuEngine upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.04.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded down $0.08 during mid-day trading on Thursday, reaching $14.24. The company’s stock had a trading volume of 7,601,009 shares, compared to its average volume of 12,175,380. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. Hewlett Packard Enterprise has a 12 month low of $12.81 and a 12 month high of $24.88. The firm has a market capitalization of $23,130.00 and a P/E ratio of 11.16.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts anticipate that Hewlett Packard Enterprise will post 1.19 earnings per share for the current fiscal year.

Hewlett Packard Enterprise declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. Hewlett Packard Enterprise’s payout ratio is currently 111.11%.

In related news, EVP Alan Richard May sold 42,314 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $14.00, for a total transaction of $592,396.00. Following the sale, the executive vice president now owns 84,629 shares of the company’s stock, valued at $1,184,806. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38. Following the sale, the chief executive officer now directly owns 1,514,639 shares in the company, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,730,277 shares of company stock valued at $38,849,235. Insiders own 0.87% of the company’s stock.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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