Economy

Hewlett Packard To Axe 10% Of Workforce

Hewlett Packard To Axe 10% Of Workforce

Looking out over the past year, company shares have been recorded -6.43% off the 52 week high and 36.07% away from the low over the same period. Archford Capital Strategies LLC now owns 7,585 shares of the technology company's stock worth $101,000 after purchasing an additional 7,476 shares during the period. Synovus Financial Corp grew its holdings in Hewlett Packard Enterprise by 11.5% in the second quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company's stock valued at $965,000 after acquiring an additional 221 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Hewlett Packard Enterprise by 3.2% in the second quarter. Synovus Financial Corp now owns 254,871 shares of the technology company's stock worth $4,226,000 after purchasing an additional 26,288 shares during the period. Finally, Budros Ruhlin & Roe Inc. raised its position in Hewlett Packard Enterprise by 1.4% during the second quarter. Hewlett Packard Enterprise Company (NYSE:HPE) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading. Morgan Stanley reissued an "equal weight" rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, August 18th. After the latest session, which saw the stock close at a price of $14.26, HPE sits -42.68% below its 52-week high. That puts the market capitalization at $315.98 mln.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.04. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion.

This past June, Whitman said Hewlett Packard Enterprises was nearly done with "one of the largest transformations in American business history", and that investors could look forward to seeing bigger profit margins by the end of the year. The firm's quarterly revenue was up 2.5% compared to the same quarter previous year. The analysts estimated EPS for the higher end at 0.29 and lower end at 0.24 while the year ago reported earnings per share was 0.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th.

According to Zacks, "Hewlett Packard Enterprise offers technology solutions to business and public sector enterprises".

Chelsea Manning says she's been denied entry into Canada
The former Army private was convicted of stealing hundreds of thousands of classified government cables and leaking them to the website WikiLeaks.

COPYRIGHT VIOLATION NOTICE: This story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and global trademark and copyright laws. The original version of this story can be viewed at https://stocknewstimes.com/2017/09/25/lazard-asset-management-llc-sells-14883-shares-of-hewlett-packard-enterprise-company-hpe.html. Also, CEO Margaret C. Whitman sold 389,651 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $13.67, for a total value of $3,404,144.41. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the completion of the sale, the chief executive officer now owns 1,157,250 shares of the company's stock, valued at approximately $20,217,157.50. The disclosure for this sale can be found here.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,052 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 14th. 0 analysts gave its stock an Outperform rating.

HPE has been the subject of a number of other research reports.

"HPE Reports Fiscal 2017 Third Quarter Results", Hewlett Packard Enterprise Co, September 5, 2017. The consensus rating is 2.5, suggesting the market has given up on the stock. BidaskClub downgraded Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th. The count of Hold ratings in that period was 16. Hewlett Packard Enterprise Company (HPE) average trading volume of 17,995,244 during the past month is 50.33% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times.


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