Hewlett Packard Enterprise Company (NYSE:HPE) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 30,803,859 shares, a drop of 18.1% from the November 15th total of 37,634,253 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 16,146,193 shares, the days-to-cover ratio is presently 1.9 days.

In related news, EVP Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94. Following the transaction, the executive vice president now owns 100,079 shares in the company, valued at approximately $1,443,139.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Margaret C. Whitman sold 1,494,094 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $14.27, for a total transaction of $21,320,721.38. Following the transaction, the chief executive officer now owns 1,514,639 shares in the company, valued at approximately $21,613,898.53. The disclosure for this sale can be found here. Insiders have sold a total of 2,481,254 shares of company stock worth $35,445,090 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

Large investors have recently modified their holdings of the stock. WFG Advisors LP grew its holdings in Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Harfst & Associates Inc. grew its holdings in Hewlett Packard Enterprise by 42.5% during the 2nd quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after purchasing an additional 2,287 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Hewlett Packard Enterprise by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after purchasing an additional 966 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

A number of research firms recently weighed in on HPE. Maxim Group restated a “hold” rating and set a $14.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Sanford C. Bernstein restated a “buy” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Royal Bank of Canada lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 6th. BMO Capital Markets restated a “market perform” rating and set a $15.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $14.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.04.

Shares of Hewlett Packard Enterprise (NYSE HPE) opened at $14.41 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The firm has a market cap of $23,340.00 and a PE ratio of 11.08.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts anticipate that Hewlett Packard Enterprise will post 1.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.08%. Hewlett Packard Enterprise’s payout ratio is 111.11%.

Hewlett Packard Enterprise announced that its board has authorized a share repurchase program on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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About Hewlett Packard Enterprise

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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