Hewlett Packard Enterprise (HPE) Getting Positive News Coverage, Study Finds

Media coverage about Hewlett Packard Enterprise (NYSE:HPE) has trended positive this week, according to Accern Sentiment. 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 negative one to one, with scores nearest to one being the most favorable. Hewlett Packard Enterprise earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.6507186953187 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news headlines that may have effected Accern’s scoring:

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Shares of HPE traded down $0.12 during mid-day trading on Friday, hitting $17.29. The stock had a trading volume of 7,670,775 shares, compared to its average volume of 11,948,921. The firm has a market cap of $27,281.47, a price-to-earnings ratio of 18.01, a PEG ratio of 1.46 and a beta of 1.86. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a fifty-two week low of $12.69 and a fifty-two week high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be given a $0.1125 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.60%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 31.25%.

Hewlett Packard Enterprise declared that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that permits the company to repurchase $5.50 billion in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

HPE has been the subject of a number of recent research reports. Zacks Investment Research lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Deutsche Bank increased their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Goldman Sachs initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, February 7th. They issued a “neutral” rating and a $16.00 target price for the company. OTR Global lowered Hewlett Packard Enterprise to a “positive” rating in a research note on Tuesday, February 13th. Finally, Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.38.

In related news, EVP Henry Gomez sold 805,214 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the sale, the executive vice president now owns 363,278 shares of the company’s stock, valued at approximately $6,023,149.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Margaret C. Whitman sold 242,165 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $15.27, for a total value of $3,697,859.55. Following the completion of the sale, the director now directly owns 1,705,823 shares in the company, valued at approximately $26,047,917.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,693,755 shares of company stock valued at $101,280,848. Insiders own 1.18% 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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