Hewlett Packard Enterprise (NYSE:HPE) Short Interest Update

Hewlett Packard Enterprise (NYSE:HPE) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 29,980,000 shares, a decline of 19.8% from the February 13th total of 37,380,000 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 16,520,000 shares, the short-interest ratio is presently 1.8 days.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $15.68 on Monday. Hewlett Packard Enterprise has a twelve month low of $14.64 and a twelve month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.03 and a beta of 1.20. The firm has a 50-day moving average of $20.84 and a two-hundred day moving average of $20.60.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 84.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,437 shares of the technology company’s stock worth $643,000 after buying an additional 14,430 shares during the period. Impax Asset Management Group plc raised its holdings in Hewlett Packard Enterprise by 58.9% during the 3rd quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock worth $924,000 after buying an additional 16,739 shares during the period. CIBC Asset Management Inc raised its holdings in Hewlett Packard Enterprise by 7.0% during the 3rd quarter. CIBC Asset Management Inc now owns 221,562 shares of the technology company’s stock worth $4,533,000 after buying an additional 14,493 shares during the period. Empirical Finance LLC raised its holdings in Hewlett Packard Enterprise by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 44,509 shares of the technology company’s stock worth $911,000 after buying an additional 925 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Hewlett Packard Enterprise by 67.9% during the 3rd quarter. Natixis Advisors LLC now owns 986,285 shares of the technology company’s stock worth $20,179,000 after buying an additional 399,007 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on HPE. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Bank of America lowered their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Barclays lowered their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

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.