Hewlett Packard Enterprise (NYSE:HPE) Short Interest Update

Hewlett Packard Enterprise (NYSE:HPE) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 37,710,000 shares, a decline of 5.8% from the September 15th total of 40,030,000 shares. Based on an average daily volume of 15,020,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.9% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HPE. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. UBS Group upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective for the company. Finally, Loop Capital increased their target price 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. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.36.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded up $0.18 during mid-day trading on Wednesday, hitting $20.92. The stock had a trading volume of 1,653,828 shares, compared to its average volume of 15,698,383. The firm’s 50 day moving average is $18.89 and its 200 day moving average is $18.95. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a market capitalization of $27.19 billion, a P/E ratio of 15.14, a P/E/G ratio of 3.38 and a beta of 1.19.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at $163,191. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 83,334 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,012 shares of company stock valued at $3,417,117. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of HPE. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after purchasing an additional 5,777,901 shares during the period. Pacer Advisors Inc. lifted its holdings in Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after buying an additional 23,035,594 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hewlett Packard Enterprise by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock valued at $399,507,000 after buying an additional 822,722 shares during the period. Legal & General Group Plc grew its stake in Hewlett Packard Enterprise by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock worth $358,602,000 after acquiring an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Hewlett Packard Enterprise by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company’s stock worth $200,776,000 after purchasing an additional 237,321 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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.