Short Interest in Hewlett Packard Enterprise (NYSE:HPE) Decreases By 5.8%

by · The Cerbat Gem

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 37,710,000 shares, a drop of 5.8% from the September 15th total of 40,030,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 15,020,000 shares, the days-to-cover ratio is currently 2.5 days.

Hewlett Packard Enterprise Stock Up 0.2 %

HPE stock opened at $20.94 on Friday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The firm has a market cap of $27.22 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. The business has a 50 day moving average of $19.05 and a 200 day moving average of $18.98. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.48%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HPE. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Morgan Stanley reissued an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price on the stock. Loop Capital lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, Susquehanna reiterated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $21.36.

Get Our Latest Report on Hewlett Packard Enterprise

Insiders Place Their Bets

In related news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 53.4% in the 4th quarter. EP Wealth Advisors LLC now owns 32,810 shares of the technology company’s stock worth $557,000 after buying an additional 11,420 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Hewlett Packard Enterprise by 605.2% during the 4th quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock valued at $55,000 after purchasing an additional 2,790 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $318,000. Nomura Holdings Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $491,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $90,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

(Get Free Report)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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