Short Interest in Hewlett Packard Enterprise Co. (HPE) Decreases By 18.4%
Hewlett Packard Enterprise Co. (NYSE:HPE) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 29,778,137 shares, a decline of 18.4% from the August 31st total of 36,472,476 shares. Based on an average daily trading volume, of 14,821,532 shares, the short-interest ratio is presently 2.0 days. Approximately 1.8% of the company’s stock are sold short.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 22.75 on Friday. The company’s 50-day moving average is $22.09 and its 200-day moving average is $19.21. Hewlett Packard Enterprise has a 1-year low of $11.62 and a 1-year high of $23.53. The stock has a market cap of $37.89 billion and a P/E ratio of 9.49.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The company earned $12.20 billion during the quarter, compared to analyst estimates of $12.64 billion. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise will post $1.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 12th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 9.17%.
In other Hewlett Packard Enterprise news, EVP Michael G. Nefkens sold 107,500 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $22.00, for a total value of $2,365,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Youngjohns sold 8,622 shares of Hewlett Packard Enterprise stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $19.69, for a total transaction of $169,767.18. Following the completion of the transaction, the executive vice president now directly owns 18,033 shares of the company’s stock, valued at $355,069.77. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $100,000. Citizens Financial Group Inc RI raised its position in Hewlett Packard Enterprise by 22.6% in the first quarter. Citizens Financial Group Inc RI now owns 5,809 shares of the company’s stock valued at $103,000 after buying an additional 1,069 shares during the period. MCF Advisors LLC raised its position in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares during the period. Ropes Wealth Advisors LLC raised its position in Hewlett Packard Enterprise by 2.5% in the second quarter. Ropes Wealth Advisors LLC now owns 7,977 shares of the company’s stock valued at $146,000 after buying an additional 195 shares during the period. Finally, Cedar Wealth Management LLC raised its position in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares during the period. 80.51% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on HPE shares. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Citigroup Inc. raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $25.00 in a report on Monday, July 25th. They noted that the move was a valuation call. Needham & Company LLC reissued a “buy” rating and set a $24.00 price objective (up from $22.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Deutsche Bank AG boosted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, June 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $24.50 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.03.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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