Hewlett Packard Enterprise Company (NYSE:HPE) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 21,613,730 shares, a decrease of 30.5% from the May 15th total of 31,111,193 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 15,230,927 shares, the days-to-cover ratio is presently 1.4 days.

Hewlett Packard Enterprise Company (NYSE HPE) opened at 16.49 on Friday. The firm’s 50-day moving average price is $18.19 and its 200-day moving average price is $17.74. The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 12.50 and a beta of 2.69. Hewlett Packard Enterprise Company has a 52 week low of $12.71 and a 52 week high of $19.16.

Hewlett Packard Enterprise Company (NYSE:HPE) last posted its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Hewlett Packard Enterprise Company had a net margin of 4.85% and a return on equity of 9.80%. The firm had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the company posted $0.42 EPS. Hewlett Packard Enterprise Company’s revenue was down 22.1% on a year-over-year basis. On average, equities analysts expect that Hewlett Packard Enterprise Company will post $1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, June 12th. Hewlett Packard Enterprise Company’s dividend payout ratio (DPR) is presently 20.16%.

A number of brokerages have recently weighed in on HPE. Credit Suisse Group reiterated a “hold” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise Company in a research report on Tuesday, April 4th. Needham & Company LLC cut Hewlett Packard Enterprise Company from a “buy” rating to a “hold” rating in a research report on Friday, February 24th. Zacks Investment Research cut Hewlett Packard Enterprise Company from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Wells Fargo & Company reiterated a “market perform” rating on shares of Hewlett Packard Enterprise Company in a research report on Wednesday, March 8th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. set a $21.00 price target on Hewlett Packard Enterprise Company and gave the stock a “buy” rating in a research report on Monday, April 17th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise Company currently has an average rating of “Hold” and a consensus target price of $22.08.

In other Hewlett Packard Enterprise Company news, SVP Jeff T. Ricci sold 6,460 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total transaction of $122,675.40. Following the sale, the senior vice president now owns 10,352 shares in the company, valued at $196,584.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher P. Hsu sold 31,421 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $23.50, for a total value of $738,393.50. Following the sale, the executive vice president now owns 31,422 shares in the company, valued at approximately $738,417. The disclosure for this sale can be found here. Insiders have sold 231,154 shares of company stock worth $4,507,382 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Reilly Financial Advisors LLC boosted its position in Hewlett Packard Enterprise Company by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares during the period. State of Alaska Department of Revenue bought a new position in Hewlett Packard Enterprise Company during the first quarter valued at $125,000. Harfst & Associates Inc. bought a new position in Hewlett Packard Enterprise Company during the first quarter valued at $127,000. James Investment Research Inc. boosted its position in Hewlett Packard Enterprise Company by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock valued at $132,000 after buying an additional 450 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its position in Hewlett Packard Enterprise Company by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the technology company’s stock valued at $117,000 after buying an additional 675 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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Hewlett Packard Enterprise Company 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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