Hewlett Packard Enterprise (NYSE:HPE) Short Interest Update

Hewlett Packard Enterprise (NYSE:HPE) was the target of 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. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 16,520,000 shares, the days-to-cover ratio is presently 1.8 days.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Hedge funds have recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $31,000. Finally, Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $0.11 during trading on Tuesday, hitting $15.95. The company had a trading volume of 24,397,642 shares, compared to its average volume of 14,915,247. The company has a fifty day moving average price of $20.70 and a two-hundred day moving average price of $20.58. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The company has a market cap of $20.95 billion, a P/E ratio of 8.39, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays lowered their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Finally, Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Company Profile

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.