Hewlett Packard Enterprise (HPE) Getting Favorable Press Coverage, Study Finds
Headlines about Hewlett Packard Enterprise (NYSE:HPE) have been trending positive this week, according to Alpha One. The research firm, a unit of Accern, scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hewlett Packard Enterprise earned a coverage optimism score of 0.27 on Alpha One’s scale. Alpha One also assigned press coverage about the technology company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment’s rankings:
- Hewlett Packard : TrapX Joins Hewlett Packard Enterprise Technology Alliances Program as a Certified HPE Security ArcSight Partner (4-traders.com)
- Hewlett Packard Enterprise Co (HPE) Declares Quarterly Dividend of $0.07 (xboxonezone.com)
- HPE and 5G Lab Germany Collaborate to Deliver Next-Generation Edge Applications (finance.yahoo.com)
- What Makes Hewlett Packard Enterprise (HPE) a Strong Sell? (Revised) (finance.yahoo.com)
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.31% during mid-day trading on Friday, reaching $18.09. 5,796,756 shares of the company were exchanged. Hewlett Packard Enterprise has a 12 month low of $15.38 and a 12 month high of $24.88. The firm has a market capitalization of $29.99 billion, a PE ratio of 9.81 and a beta of 3.05. The company’s 50 day moving average price is $21.06 and its 200 day moving average price is $22.58.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business earned $11.41 billion during the quarter, compared to the consensus estimate of $12.09 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. Hewlett Packard Enterprise’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts anticipate that Hewlett Packard Enterprise will post $1.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, June 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 14.21%.
HPE has been the subject of a number of research analyst reports. Guggenheim initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, January 4th. They issued a “neutral” rating for the company. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. FBN Securities reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, January 18th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Thursday, January 19th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.83.
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In related news, EVP Christopher P. Hsu sold 31,421 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $23.50, for a total transaction of $738,393.50. Following the completion of the sale, the executive vice president now directly owns 31,422 shares of the company’s stock, valued at approximately $738,417. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael G. Nefkens sold 831,311 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $22.41, for a total transaction of $18,629,679.51. Following the sale, the executive vice president now directly owns 474,245 shares of the company’s stock, valued at $10,627,830.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,500,214 shares of company stock valued at $33,569,384. 0.87% of the stock is owned by insiders.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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