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Meg Whitman to step down as chief executive of HPE

22 November 2017

News of Whitman's impending departure comes just four months after she took to social media claiming that she was "fully committed to HPE and plan to remain the company's CEO," following rumours she was being considered as a frontrunner to head up ridesharing app developer, Uber. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The company has a market capitalization of $22,154.27, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.75 and a beta of 2.59. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.28 by $0.03.

The announcement came as HPE reported a profit of Dollars 524 million in the just-ended quarter, up 73 per cent from last year, on revenues which rose slightly from a year ago to USD 7.66 billion.

Adding in the spin off and mergers of HPE's Enterprise Services and Software arms, HP has really split itself into four parts, with HPE's headcount now standing at less than 50,000, compared with almost 350,000 when she joined.

The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/21/sei-investments-co-has-33-75-million-stake-in-hewlett-packard-enterprise-company-hpe.html. Finally, Robert W. Baird reissued a "hold" rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. The firm's revenue was up 4.6% on a year-over-year basis.

Meg Whitman, one of the most prominent women in Silicon Valley and a onetime candidate for California governor, announced today she was stepping down as chief executive of Hewlett Packard Enterprise. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of global copyright laws.

"Antonio is an HPE veteran with a passion for the company's customers, partners, employees and culture", HPE's chairman and board of directors, Pat Russo, said. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.075 per share. At that time, Whitman went from CEO of the larger legacy company to CEO of HPE, while Dion Weisler went from executive vice president of the old HP's printing and personal systems group to CEO of HP Inc. This is a boost from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, December 12th. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued. Hewlett Packard Enterprise's payout ratio is 144.44%.

Hewlett Packard Enterprise Company is a provider of technology solutions.

Meg Whitman to step down as chief executive of HPE