Hewlett Packard Enterprise Co (HPE) Short Interest Update
Hewlett Packard Enterprise Co (NYSE:HPE) saw a significant decline in short interest during the month of December. As of December 29th, there was short interest totalling 26,285,591 shares, a decline of 16.2% from the December 15th total of 31,356,147 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 6,743,642 shares, the short-interest ratio is presently 3.9 days.
HPE has been the topic of a number of research analyst reports. KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. UBS Group lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $15.00 in a research note on Friday, October 20th. Robert W. Baird restated a “hold” rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating to the company. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $16.04.
In other news, EVP Alan Richard May sold 50,158 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $15.50, for a total transaction of $777,449.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Timothy C. Stonesifer sold 56,170 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $13.79, for a total value of $774,584.30. Following the sale, the chief financial officer now owns 177,634 shares in the company, valued at approximately $2,449,572.86. The disclosure for this sale can be found here. Insiders sold 793,488 shares of company stock worth $11,281,745 in the last quarter. 0.87% of the stock is owned by insiders.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at $16.08 on Monday. The company has a market capitalization of $25,629.69, a P/E ratio of 76.58, a P/E/G ratio of 2.71 and a beta of 2.48. Hewlett Packard Enterprise has a 52-week low of $12.81 and a 52-week high of $24.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. Hewlett Packard Enterprise’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. equities analysts expect that Hewlett Packard Enterprise will post 1.19 EPS for the current year.
Hewlett Packard Enterprise declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is presently 142.86%.
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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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