Short Interest in Hewlett Packard Enterprise Co (HPE) Decreases By 20.1%

Hewlett Packard Enterprise Co (NYSE:HPE) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 23,950,717 shares, a decline of 20.1% from the January 12th total of 29,969,451 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 10,448,702 shares, the short-interest ratio is presently 2.3 days.

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 7,607 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94. Following the completion of the sale, the executive vice president now directly owns 100,079 shares in the company, valued at approximately $1,443,139.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 9,135 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total transaction of $130,904.55. Following the sale, the senior vice president now owns 4,173 shares of the company’s stock, valued at $59,799.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,407,123 shares of company stock valued at $22,389,810. Company insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. Pzena Investment Management LLC increased its holdings in Hewlett Packard Enterprise by 69.7% in the 3rd quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after acquiring an additional 15,431,606 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 19.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock worth $1,183,932,000 after acquiring an additional 13,150,243 shares in the last quarter. Schroder Investment Management Group increased its holdings in Hewlett Packard Enterprise by 71.0% in the 3rd quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock worth $181,763,000 after acquiring an additional 5,177,979 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Hewlett Packard Enterprise by 103.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,212,636 shares of the technology company’s stock worth $117,933,000 after acquiring an additional 4,174,106 shares in the last quarter. Finally, Oldfield Partners LLP increased its holdings in Hewlett Packard Enterprise by 64.8% in the 4th quarter. Oldfield Partners LLP now owns 9,575,509 shares of the technology company’s stock worth $137,504,000 after acquiring an additional 3,765,500 shares in the last quarter. 83.05% of the stock is owned by institutional investors.

Hewlett Packard Enterprise (NYSE HPE) opened at $15.75 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. The firm has a market cap of $25,100.00 and a P/E ratio of 63.00. Hewlett Packard Enterprise has a 1-year low of $12.81 and a 1-year high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is presently 120.00%.

Hewlett Packard Enterprise announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

HPE has been the subject of several research reports. Pivotal Research initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, October 17th. They set a “hold” rating and a $14.00 price objective for the company. TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. Robert W. Baird restated a “hold” rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Oppenheimer restated a “buy” rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, October 19th. Finally, Mizuho restated a “hold” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $16.16.

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About Hewlett Packard Enterprise

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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