Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 40,030,000 shares, an increase of 92.8% from the August 31st total of 20,760,000 shares. Based on an average daily trading volume, of 15,200,000 shares, the short-interest ratio is currently 2.6 days. Approximately 3.1% of the company's stock are sold short.
Insider Activity at Hewlett Packard Enterprise
In other news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Hewlett Packard Enterprise
Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,051 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at approximately $28,000. American National Bank increased its holdings in shares of Hewlett Packard Enterprise by 89.4% during the 1st quarter. American National Bank now owns 1,949 shares of the technology company's stock worth $35,000 after buying an additional 920 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after acquiring an additional 1,282 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on HPE. Evercore ISI boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 5th. Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. StockNews.com raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Wednesday, June 5th. Morgan Stanley restated an "equal weight" rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Finally, Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price for the company. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $21.31.
View Our Latest Stock Analysis on HPE
Hewlett Packard Enterprise Price Performance
Shares of HPE stock traded down $0.21 during mid-day trading on Friday, hitting $20.14. 10,396,804 shares of the stock were exchanged, compared to its average volume of 15,995,072. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap of $26.18 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 3.05 and a beta of 1.19. The firm has a fifty day moving average of $18.56 and a 200 day moving average of $18.67.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.58%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.96%.
Hewlett Packard Enterprise Company Profile
(
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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.
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