Hewlett Packard Enterprise Company (HPE) Short Interest Update
Hewlett Packard Enterprise Company (NYSE:HPE) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 43,734,737 shares, a decrease of 13.5% from the October 13th total of 50,571,910 shares. Based on an average daily trading volume, of 10,924,994 shares, the short-interest ratio is currently 4.0 days. Approximately 2.7% of the shares of the company are sold short.
A number of brokerages have recently issued reports on HPE. Jefferies Group LLC reissued a “buy” rating and set a $17.50 target price (down from $22.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Mizuho reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $15.00 price objective (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.79.
In other news, CFO Timothy C. Stonesifer sold 56,170 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $13.79, for a total transaction of $774,584.30. Following the completion of the transaction, the chief financial officer now directly owns 177,634 shares of the company’s stock, valued at approximately $2,449,572.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $13.14, for a total value of $3,272,543.28. Following the transaction, the chief executive officer now directly owns 892,118 shares of the company’s stock, valued at $11,722,430.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,920,273 shares of company stock valued at $41,288,784. Company insiders own 0.87% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. WFG Advisors LP boosted its holdings in Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after acquiring an additional 801 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after acquiring an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after acquiring an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after acquiring an additional 266 shares during the last quarter. Finally, Harfst & Associates Inc. boosted its holdings in Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after acquiring an additional 2,287 shares during the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.
Shares of Hewlett Packard Enterprise (NYSE HPE) opened at $13.27 on Wednesday. Hewlett Packard Enterprise has a fifty-two week low of $12.97 and a fifty-two week high of $24.88. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $22,186.66, a price-to-earnings ratio of 8.46, a PEG ratio of 1.76 and a beta of 2.59.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. research analysts expect that Hewlett Packard Enterprise will post 1.38 EPS for the current fiscal year.
Hewlett Packard Enterprise declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.26%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 371.48%.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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