Hewlett Packard Enterprise Company (HPE) Updates Q1 Earnings Guidance

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Meg Whitman out as CEO of HPE early next year

They expect $0.28 EPS, down 117.86% or $0.33 from last year's $0.61 per share.

Hewlett Packard Enterprise Company (NYSE:HPE) traded up $0.41 during midday trading on Tuesday, reaching $14.09.

Looking forward, for the quarter ending Oct-17, 20 analysts have a mean sales target of 7,754.57 million. The firm's revenue was up 4.6% on a year-over-year basis. Motco now owns 10,633 shares of the technology company's stock worth $176,000 after purchasing an additional 9,600 shares during the last quarter. The value of the investment in Hewlett Packard Enterprise Comp decreased from $1,225,518,000 to $1,053,542,000 a change of 14.0% quarter over quarter. Vanguard Group Inc is the second biggest holder with 111 million shares now valued at 1.84 B million whilst PRIMECAP Management Company has 90 million shares valued at 1.33 B million.

Several research firms have issued reports on HPE. Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Ricci now owns $0 of the stock per the Form 4 SEC filing. The biggest holder now is Margaret C. Whitman who owns 767,599 shares (0.05% of those outstanding), whilst Raymond J. Lane holds 182,531 (0.01% of shares outstanding) and Mr. Timothy C. Stonesifer holds 75,038 (0.0046% of shares outstanding). Hewlett Packard Enterprise Company has a 1-year low of $12.97 and a 1-year high of $24.88.

In other news, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction on Thursday, September 14th. This is a boost from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. Jeff T. Ricci, Sr VP disclosed the sale of 87,324 shares of (HPE). Hewlett Packard Enterprise's dividend payout ratio is now 144.44%. SVP, Finance & Treasurer Kirt P. Karros sold 11,880 shares at an average price of $13.36 on Monday the 6th. The shares were sold at an average price of $13.14, for a total transaction of $3,272,543.28. Although she will no longer be CEO, Whitman will remain on HPE's board of directors. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued. BidaskClub lowered Hewlett Packard Enterprise from a hold rating to a sell rating in a research note on Saturday, August 5th.

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As of the end of the quarter State Street Corp had disposed of a total of 2,250,358 shares trimming its position 3.0%. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. On October 19 Oppenheimer Holdings left the stock rating at "Buy" targeting a price of $17.00.

The stock has a market cap of $31.45B and the number of outstanding shares has been calculated 549.30M.

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Bloomberg Technology's Gerrit De Vynck and Natalie Wong observe that "since 2009, 19 female CEOs of Standard & Poor's 500 companies have stepped down". She added, "The next leader needs to be a deeper technologist". The Company's segments include: Enterprise Group, Software, Financial Services and Corporate Investments.

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