The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. The company had revenue of $12711.00 million for the quarter, compared to analysts expectations of $12336.07 million.
In related news, insider Tracy S. Keogh sold 100,000 shares of the firm's stock in a transaction on Tuesday, July 19th. The median estimate represents a -2.01% increase from the last price. The Hedge Fund company now holds 54,232 shares of HPE which is valued at $1,087,894. The disclosure for this sale can be found here. The company now anticipates non-GAAP earnings per share in the $1.59-$1.62 band (mid-point: $1.605), compared with the previous guidance of $1.59 to $1.65 (mid-point $1.62).
After the close of the bell, technology stalwart Hewlett-Packard announced better than expected numbers in their Q3 earnings report. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Exxonmobil Investment Management Inc. Grassi Investment Management increased its stake in Hewlett-Packard by 16.3% in the first quarter. The Q4 2016 consensus earnings estimates for the company have stabilized at US$0.6 per share.
Hewlett Packard Enterprise Company (NYSE:HPE) down -0.61% for the past 5 days, is under coverage of 26 analysts who collectively assign a hold rating on stock.
20 number of analysts provided their estimates on Hewlett Packard Enterprise Company, where the Average Price Target for the stock is $21.26. Commonly named as P/E ratio, it helps investors know where the company stands in the market. The stock is now trading at Distance from 20-Day Simple Moving Average of 2.67% while its Distance from 50-Day Simple Moving Average is 10.03 Percent.
In this Tuesday, May 24, 2016, photo, Hewlett-Packard products are on display at a store in North Andover, Mass. HP Inc. reports financial results Wednesday, Aug. 24. Analysts on average had been expecting 41 cents a share for HP's fiscal fourth quarter, according to FactSet. But market researchers recently concluded that the rate of decline had moderated in the second quarter. The firm presently has an "equal weight" rating on the computer maker's stock. On average, equities research analysts predict that Hewlett-Packard will post $1.62 earnings per share for the current fiscal year. Shareholders of record on Wednesday, September 14th will be given a $0.124 dividend. Its Target Price was fixed at 21.26 at an IPO Date of *TBA.
Shares of Zayo Group Holdings, Inc. Deutsche Bank maintained the shares of HPQ in a report on February 25 with "Buy" rating. The company presently has an average rating of "Hold" and an average price target of $15.43.
HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. Consumer printing sales fared worse than the commercial business.