Shares in Hewlett Packard Enterprise Co (HPE) Acquired by Dodge & Cox

Cornelia Mascio
Marzo 20, 2017

The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hewlett Packard Enterprise (HPE) will be working with chemical production giant BASF to develop a supercomputer for powering industrial chemical research. The Average Volume of the company is 9.96 Million and P/E (price to earnings) ratio is 12.39, while Forward P/E ratio is 11.3. The firm's 50-day moving average price is $23.25 and its 200-day moving average price is $22.92. Hewlett Packard Enterprise Co has a 12 month low of $15.38 and a 12 month high of $24.88. The SI to Hewlett Packard Enterprise Company's float is 1.6%. Analysts are forecasting earnings of $0.44 on a per share basis this quarter. The higher end of the revenue estimate is $12.48 Billion and the lower end is $11.71 Billion.

Hewlett Packard Enterprise Company (NYSE:HPE) yearly performance is 34.63% and net profit margin is 6.50%.

The firm attains analyst recommendation of 2.40 on scale of 1-5.

Bunge Limited (NYSE:BG) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.42 per common share. Shareholders of record on Wednesday, March 15th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.14%. Hewlett Packard Enterprise's dividend payout ratio is presently 14.21%.

A number of research analysts have recently issued reports on HPE shares.

02/27/2017 - Hewlett-Packard Company had its "buy" rating reiterated by analysts at Argus.

Hewlett Packard Enterprise Company (HPE) will report its next earnings on May 22 - May 26 (Est.). They issued a "buy" rating and a $29.00 target price on the stock. Vetr upgraded Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating and set a $26.49 price target for the company in a report on Monday, December 5th.

In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 257,965 shares of Hewlett Packard Enterprise stock in a transaction on Monday, March 13th. A point of strong sell is stated for the shares sporting "5" score and long position are in skyline for shares having "1" notch. The average and low price target for the stock are $24.52 and $20, respectively.

Several hedge funds have recently bought and sold shares of the company. The stock is now has its Return on Assets (ROA) value of 4 Percent. LLC now owns 5,320 shares of the company's stock valued at $121,000 after buying an additional 5,082 shares during the period. Global X Management Co. Finally, Independent Portfolio Consultants Inc. boosted its stake in shares of Hewlett Packard Enterprise by 308.9% in the third quarter. Insiders sold 1,412,009 shares of company stock worth $31,696,713 over the last ninety days. The stock added 2.44% beyond one week and declined -6.00% during previous one month session. The company's institutional ownership is monitored at 82.3 percent.

At a specifications level, the supercomputer will achieve this by making use of Intel's Xeon processors, commonly found in enterprise-grade servers, and use the chipmaker's Omni-Path Fabric, which provides a architecture to network nodes in high-performance computing.

HP a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors.

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