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Principale » Alliancebernstein LP Marginally Lowers Its Stake in Hewlett-Packard Company (HPQ)

Alliancebernstein LP Marginally Lowers Its Stake in Hewlett-Packard Company (HPQ)

15 Novembre 2017

The firm owned 446,938 shares of the technology company's stock after selling 8,408 shares during the quarter. The value of the total investment in Hewlett-Packard Company increased from $255,783,000 to $290,380,000 a change of 13.5% quarter to quarter.

Several firms have updated their holdings. The value of the investment in HPQ increased from $37,894,000 to $39,710,000 a change of 4.8% for the reporting period. Its Price to Cash Flow ratio shows the value of 6.23, whereas, the industry and sector ratio of Price to Cash Flow ticked at 11.21 and 14.55 respectively. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company's stock valued at $1,183,932,000 after purchasing an additional 13,150,243 shares in the last quarter. Motco increased its holdings in Hewlett Packard Enterprise by 929.3% in the 2nd quarter. Motco now owns 10,633 shares of the technology company's stock valued at $176,000 after purchasing an additional 9,600 shares in the last quarter. Victory Capital Management Inc. grew its position in Hewlett Packard Enterprise by 18.5% during the third quarter. Hedge funds and other institutional investors own 81.96% of the company's stock.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, September 5th.

The company declined -1.61% and closed its last trading session at $13.7. The stock touched 52-week High of $15.12 on 09/27/17 and 52-week Low of $12.69 on 06/29/17. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 56.74% since November 14, 2016 and is uptrending. As of the latest earnings report the EPS was $0.18 with 1.62B shares outstanding. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. During the same quarter previous year, the company posted $0.49 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. equities analysts predict that Hewlett Packard Enterprise Company will post 1.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.19%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is now 371.48%.

Hewlett Packard Enterprise declared that its board has initiated a stock buyback program on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. The company has market cap of $21.60 billion. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

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WARNING: This piece of content was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. and global copyright legislation. The stock was sold at an average price of $13.43, for a total transaction of $1,172,761.32. Following the transaction, the chief executive officer now owns 892,118 shares of the company's stock, valued at approximately $11,722,430.52. The disclosure for this sale can be found here.

In related news, CEO Margaret C. Whitman sold 1,494,094 shares of the company's stock in a transaction on Friday, September 22nd.

Hewlett Packard Enterprise Company (HPE) reported sales (ttm) of 35.69 Billion, whereas, 19 number of analysts estimated the mean sale of 7716.57 million. Morgan Stanley reiterated an "equal weight" rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, August 18th. They issued a "hold" rating and a $17.00 price target for the company.

On October 27 Maxim Group left the company rating at "Hold" with a current price target of $25.00.

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company's divisions include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology.

Alliancebernstein LP Marginally Lowers Its Stake in Hewlett-Packard Company (HPQ)