Hewlett Packard Enterprise Company (NYSE:HPE) Short Interest Update

Hewlett Packard Enterprise Company (NYSE:HPEGet Free Report) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 78,939,403 shares, a decline of 12.0% from the February 12th total of 89,720,693 shares. Based on an average trading volume of 15,933,817 shares, the short-interest ratio is presently 5.0 days. Approximately 6.0% of the company’s stock are sold short. Approximately 6.0% of the company’s stock are sold short. Based on an average trading volume of 15,933,817 shares, the short-interest ratio is presently 5.0 days.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HPE. Bank of America boosted their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Argus raised their price objective on Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley increased their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.50.

Read Our Latest Research Report on Hewlett Packard Enterprise

Trending Headlines about Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.86 on Tuesday. The firm has a market capitalization of $29.00 billion, a P/E ratio of -115.04, a P/E/G ratio of 0.56 and a beta of 1.31. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $26.44. The stock has a 50 day moving average price of $21.86 and a two-hundred day moving average price of $23.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.75 and a current ratio of 1.03.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last posted its earnings results on Monday, March 9th. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Equities analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 24th. Hewlett Packard Enterprise’s payout ratio is currently -300.00%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 26,457 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 29th. The shares were sold at an average price of $24.49, for a total value of $647,931.93. Following the completion of the sale, the chief executive officer directly owned 2,101,761 shares of the company’s stock, valued at approximately $51,472,126.89. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 36,460 shares of the stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the transaction, the senior vice president directly owned 18,785 shares in the company, valued at $462,298.85. This trade represents a 66.00% decrease in their position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $901,751,000. Elliott Investment Management L.P. bought a new stake in Hewlett Packard Enterprise in the 2nd quarter worth about $381,004,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $433,537,000. Jericho Capital Asset Management L.P. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $416,900,000. Finally, Norges Bank purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $185,969,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

(Get Free Report)

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

Read More

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.