Hewlett Packard Enterprises to start laying off 5000 staff by year end

Meg Whitman

Raymond James Financial, Inc. reaffirmed an "outperform" rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Barclays restated a sell recommendation and fixed a $14.00 target price on the stock of Hewlett Packard Enterprise in a study report published on Fri, Sep 8th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reduced their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "sector perform" rating for the company in a research report on Wednesday, September 6th. The rationale behind such high activity for a share could be their large number of shares outstanding or due to special situations such as there being a tender offer for the company and unexpected news. Hewlett Packard Enterprise presently has a consensus rating of Hold and an average price objective of $18.79. Hewlett Packard Enterprise had 41 analyst reports since November 3, 2015 according to SRatingsIntel. This continues to be an interesting story, and we look forward to updating it again soon on Hewlett Packard Enterprise Company. The firm has a market cap of $22.33 billion, a PE ratio of 191.53 and a beta of 2.72. The company has a 50 day moving average of $13.61 and a 200 day moving average of $13.67. Analysts forecast earnings per share of $0.28, down exactly $0.33 or 54.10 % from 2014's $0.61 EPS. Hewlett Packard Enterprise's quarterly revenue was up 2.5% compared to the same quarter previous year. If you are reading this news story on another domain, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.91%. Hewlett Packard Enterprise's payout ratio is now 371.48%. The shares were sold at an average price of $17.47, for a total transaction of $6,807,202.97. Following the completion of the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at $17,150,556.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Separately, Chief Executive Officer Margaret C. Whitman unloaded 249,052 stocks of the firm's shares in a trade on Early Thur, Sep 14th. The shares were sold at an average price of $13.67, for a total transaction of $3,404,144.41. The disclosure for this sale can be found here. The cost of selling goods last quarter was 5.63 billion, yielding a gross basic income of 2.63 billion. Earnings per share (EPS) shows a trader what portion of a company's profit is allocated to each outstanding share of common stock. Parallel Advisors LLC now owns 10,562 shares of the technology company's stock worth $197,000 after acquiring an additional 1,095 shares during the last quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company's stock worth $468,000 after purchasing an additional 106 shares during the last quarter. Insiders have sold a total of 2,266,908 shares of company stock valued at $37,619,353 in the last quarter. Finally, Cleararc Capital Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.5% during the 1st quarter. For investors, a positive change in price indicates an upward buying pressure or positive momentum while a negative change in price designates a downward momentum for that stock.

HPE offers consulting, cybersecurity, enterprise IT, cloud, servers, big data and other corporate technology services.

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