Meg Whitman to step down as CEO of Hewlett Packard Enterprise

Hewlett Packard Enterprise CEO Meg Whitman is seen following an interview on CNBC on the floor of the New York Stock Exchange in New

Hewlett Packard Enterprise Company (NYSE:HPE) traded up $0.03 during mid-day trading on Tuesday, hitting $14.12. The stock was sold at an average price of $13.14, for a total transaction of $3,272,543.28. The company's P/E (price to earnings) ratio is 76.32 and Forward P/E ratio of 11.81.

The leadership shuffle came as HPE gave a forecast for earnings in the fiscal first quarter that missed analysts' estimates. The firm had revenue of $8.21 billion during the quarter, compared to analysts' expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%.

Revenue in the fourth quarter also fell short of projections.

Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri.

Neri will also need a head for business, however.

While looking at the Stock's Performance, Hewlett Packard Enterprise Company now shows a Weekly Performance of 6.41%, where Monthly Performance is -0.91%, Quarterly performance is 2.79%, 6 Months performance is -3.74% and yearly performance percentage is 5.09%. Hewlett Packard Enterprise's dividend payout ratio is presently 108.33%.

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"I think Antonio is super capable of taking this company to the next level.", Whitman told CRN.

A number of equities research analysts have recently commented on the company. They set a market perform rating and a $15.00 price target for the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The company has an average rating of Hold and a consensus target price of $17.49.

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

Ms Whitman was the second-highest-paid American female executive, after IBM chief executive Ginni Rometty, with compensation of US$52.3 million, according to the Bloomberg Pay Index. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Victory Capital Management Inc. now owns 12,166,742 shares of the technology company's stock worth $178,973,000 after purchasing an additional 1,900,630 shares in the last quarter. The disclosure for this sale can be found here.

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