Short Interest in Hewlett Packard Enterprise Company (HPE) Grows By 33.6%
Hewlett Packard Enterprise Company (NYSE:HPE) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 38,906,386 shares, an increase of 33.6% from the August 31st total of 29,128,921 shares. Based on an average daily volume of 23,430,966 shares, the short-interest ratio is presently 1.7 days. Currently, 2.4% of the company’s stock are sold short.
Shares of Hewlett Packard Enterprise (HPE) opened at 14.83 on Friday. The stock has a market capitalization of $24.02 billion, a price-to-earnings ratio of 205.97 and a beta of 2.71. The stock’s 50 day moving average is $13.94 and its 200 day moving average is $13.78. Hewlett Packard Enterprise has a 1-year low of $12.26 and a 1-year high of $15.12.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Hewlett Packard Enterprise will post $1.40 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.75%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 371.48%.
Several analysts have recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and set a $17.50 price objective (down previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price objective (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 1st. ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Monday, September 18th. Finally, BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.51.
In other news, CEO Margaret C. Whitman sold 194,844 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $16.73, for a total transaction of $3,259,740.12. Following the completion of the sale, the chief executive officer now owns 865,021 shares in the company, valued at approximately $14,471,801.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher P. Hsu sold 15,333 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $17.67, for a total value of $270,934.11. Following the sale, the executive vice president now owns 15,333 shares of the company’s stock, valued at approximately $270,934.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,255,362 shares of company stock valued at $66,291,207. Company insiders own 0.87% of the company’s stock.
Several institutional investors have recently modified their holdings of HPE. Dodge & Cox grew its position in Hewlett Packard Enterprise by 12.2% during the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after buying an additional 25,852,541 shares during the period. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 1.4% during the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after buying an additional 1,508,612 shares during the period. BlackRock Inc. grew its position in Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after buying an additional 16,592,308 shares during the period. Finally, Primecap Management Co. CA grew its position in Hewlett Packard Enterprise by 9.6% during the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.
Hewlett Packard Enterprise 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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