Hewlett Packard Enterprise (NYSE:HPE) Receives News Impact Rating of 0.18

Media coverage about Hewlett Packard Enterprise (NYSE:HPE) has trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s analysis:

Several analysts recently issued reports on HPE shares. BidaskClub cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Barclays PLC cut their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Monday, June 5th. Tigress Financial started coverage on Hewlett Packard Enterprise in a research report on Monday, April 17th. They set a “neutral” rating for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.87.

Shares of Hewlett Packard Enterprise (HPE) remained flat at $17.63 during midday trading on Tuesday. The company had a trading volume of 7,892,874 shares. The firm has a market capitalization of $28.96 billion, a P/E ratio of 13.37 and a beta of 2.74. The firm’s 50 day moving average price is $17.09 and its 200-day moving average price is $17.60. Hewlett Packard Enterprise has a 12-month low of $15.46 and a 12-month high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was down 22.1% on a year-over-year basis. Equities analysts forecast that Hewlett Packard Enterprise will post $1.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio is presently 20.16%.

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 20,344 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $18.90, for a total transaction of $384,501.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 6,460 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the transaction, the senior vice president now owns 10,352 shares in the company, valued at $196,584.48. The disclosure for this sale can be found here. Insiders sold 1,612,328 shares of company stock worth $28,048,424 over the last quarter. 0.87% of the stock is currently owned by insiders.

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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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