HP Enterprise CEO Meg Whitman to step down

HP Enterprise CEO Meg Whitman to step down

The most recent bid on the stock was registered at $13.29.

Whitman has been at the helm of the company since 2011, when she became president and CEO of Hewlett-Packard until 2015, when she was tasked with leading the tech giant's turnaround internally, and subsequent separation into two companies, HPE and HP Inc. Neri has been with HPE since 1995, and has been running the Enterprise Group since 2015. UBS AG cut Hewlett Packard Enterprise from a buy rating to a neutral rating and lowered their price objective for the company from $16.00 to $15.00 in a research note on Friday, October 20th. Analysts set a 12-month price target of $85.68 a share. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The current rate undoubtedly measures the productivity of the firm's investment alongside the indications on the stability of the company's share price.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. Companies with a high P/E ratio are typically growth stocks.

Hewlett Packard Enterprise (NYSE:HPE) traded down 0.16% during midday trading on Monday, reaching $18.67. Hewlett Packard Enterprise Company has a 1-year low of $12.97 and a 1-year high of $19.16. The company has a 50-day moving average price of $20.00 and a 200-day moving average price of $22.34.

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Check back later for our full analysis on HPE's earnings report!

For the fiscal year, HPE reported revenue of $37.4 billion with EPS of 96 cents. The firm's revenue for the quarter was down 10.4% compared to the same quarter past year. Currently, Hewlett Packard Enterprise is a Zacks Rank #3 (Hold), and is down over 7% to $13 per share in after-hours trading shortly after its earnings report was released. Investors of record on Wednesday, June 14th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.39%. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. She'll be replaced by Antonio Neri, the company's president. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Margaret C. Whitman sold 249,052 shares of the business's stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $14.27, for a total transaction of $21,320,721.38. The disclosure for this sale can be found here. Hewlett Packard Enterprise Company has had 35 insider trades in the last 3 months, including 11 open market buys and 24 sells.

A number of hedge funds have recently bought and sold shares of the stock. The firm owned 6,467,222 shares of the company's stock after buying an additional 1,193,723 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Hewlett Packard Enterprise by 0.7% in the third quarter.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term.

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