Hewlett Packard Enterprise Comp (NYSE:HPE) Shorts Down -13.52% - Currently Trading Down

Whitman quits as head of HPE

Whitman will step down as CEO of HPE from January

Meg Whitman is set to bring her seven-year reign as CEO of HPE to an end early next year, with the company's current president, Antonio Neri, taking on the role instead.

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

A jump in USA crude prices prodded Wall Street futures higher on Wednesday, with traders' eyes on a slide in Hewlett Packard shares after its chief executive said she would leave, as well as minutes from the Federal Reserve's latest policy meeting. The value of the company's investment in Hewlett Packard Enterprise Comp decreased from $18,726,000 to $16,395,000 a change of $2,331,000 quarter to quarter. The company now has a P/E ratio of 55.30 and the market value is 21.32B.

Several equities analysts have commented on the company. These holdings make up 63.42% of the company's outstanding shares. Company insiders own 0.87% of the company's stock. 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). Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company's stock worth $409,000 after purchasing an additional 352 shares during the last quarter. The Company's shares have inclined 0.57% in the past month, -39.43% in the last twelve months, and -38.98% on an YTD basis.

HPE's stock fell as much as 8% in after hours trading Tuesday following the news. This is a boost from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. The disclosure for this sale can be found here. Hewlett Packard Enterprise's dividend payout ratio is now 144.44%. The shares were purchased at an average price of $13.43. Robert W. Baird restated a "hold" rating on shares of Hewlett Packard Enterprise in a research report on Wednesday.

Overall, HPE has enjoyed a 71% increase in its stock price for the last two years, Tony Owusu reports for TheStreet, after Whitman separated Bill Hewlett and Dave Packard's 76-year-old company into HP, which still sells the personal computers and printers that it made its name on, and HPE, which markets commercial computer systems, software and tech services. The stock was sold at an average price of $13.79, for a total transaction of $774,584.30. BidaskClub raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Monday, August 14th.

On October 20 Mizuho kept the company rating at "Hold" projecting a price of $14.00. Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $17.49. Two research 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 company's stock. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases.

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Hewlett Packard Enterprise Company is a provider of technology solutions.

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