Hewlett Packard Enterprise (NYSE:HPE) Short Interest Update

Hewlett Packard Enterprise (NYSE:HPE) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 33,080,000 shares, a decrease of 10.7% from the October 15th total of 37,030,000 shares. Based on an average daily volume of 15,390,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.6% of the company’s stock are short sold.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 in the last three months. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its holdings in Hewlett Packard Enterprise by 155.0% in the third quarter. TD Private Client Wealth LLC now owns 48,323 shares of the technology company’s stock valued at $989,000 after buying an additional 29,374 shares during the period. Fortem Financial Group LLC grew its position in Hewlett Packard Enterprise by 8.2% in the third quarter. Fortem Financial Group LLC now owns 54,645 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 4,152 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Hewlett Packard Enterprise by 7.7% in the third quarter. Coldstream Capital Management Inc. now owns 22,798 shares of the technology company’s stock valued at $471,000 after buying an additional 1,627 shares during the period. First Dallas Securities Inc. lifted its stake in shares of Hewlett Packard Enterprise by 20.2% during the 3rd quarter. First Dallas Securities Inc. now owns 14,005 shares of the technology company’s stock worth $287,000 after buying an additional 2,355 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after buying an additional 251,076 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HPE shares. Citigroup raised their target price on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday. UBS Group upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Loop Capital upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.21.

Hewlett Packard Enterprise Trading Up 0.2 %

HPE traded up $0.04 during trading on Tuesday, reaching $21.42. The company had a trading volume of 4,689,691 shares, compared to its average volume of 15,222,150. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm’s 50-day simple moving average is $19.95 and its 200 day simple moving average is $19.50. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 3.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company posted $0.35 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

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.