Hewlett Packard Enterprise (NYSE:HPE) Short Interest Down 19.8% in February

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 29,980,000 shares, a drop of 19.8% from the February 13th total of 37,380,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 16,520,000 shares, the short-interest ratio is presently 1.8 days.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Hedge funds have recently modified their holdings of the stock. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Hara Capital LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $31,000. Finally, Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $32,000. Institutional investors own 80.78% of the company's stock.

Remove Ads

Hewlett Packard Enterprise Trading Down 0.5 %

Shares of NYSE:HPE traded down $0.08 during mid-day trading on Thursday, hitting $16.26. The company had a trading volume of 19,365,248 shares, compared to its average volume of 14,968,663. The firm has a fifty day moving average price of $20.46 and a 200 day moving average price of $20.52. The company has a market capitalization of $21.36 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.20%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent research reports. Bank of America cut their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Susquehanna cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $21.27.

About Hewlett Packard Enterprise

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.