Hewlett Packard Enterprise Company (NYSE:HPE) Sees Significant Drop in Short Interest

Hewlett Packard Enterprise Company (NYSE:HPEGet Free Report) was the recipient of a significant decline in short interest during 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. Approximately 6.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,933,817 shares, the days-to-cover ratio is currently 5.0 days. Based on an average daily trading volume, of 15,933,817 shares, the days-to-cover ratio is currently 5.0 days. Approximately 6.0% of the shares of the stock are sold short.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 36,460 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $24.61, for a total transaction of $897,280.60. Following the sale, the senior vice president owned 18,785 shares of the company’s stock, valued at $462,298.85. This trade represents a 66.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 26,457 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the sale, the chief executive officer owned 2,101,761 shares in the company, valued at $51,472,126.89. This represents a 1.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Hewlett Packard Enterprise

A number of large investors have recently bought and sold shares of the business. World Investment Advisors boosted its position in shares of Hewlett Packard Enterprise by 61.6% during the 4th quarter. World Investment Advisors now owns 55,040 shares of the technology company’s stock valued at $1,322,000 after purchasing an additional 20,971 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Hewlett Packard Enterprise by 8.2% in the fourth quarter. Corient Private Wealth LLC now owns 424,363 shares of the technology company’s stock worth $10,197,000 after purchasing an additional 32,149 shares in the last quarter. Union Savings Bank acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $30,000. Hsbc Holdings PLC lifted its stake in Hewlett Packard Enterprise by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,826,838 shares of the technology company’s stock valued at $187,983,000 after buying an additional 416,972 shares during the period. Finally, SHP Wealth Management bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $85,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research note on Friday, December 26th. Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Bank of America raised their price objective on shares of Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. The Goldman Sachs Group initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.50.

Check Out Our Latest Stock Analysis on HPE

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.86 on Tuesday. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $26.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of -115.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31. The business has a 50-day moving average of $21.86 and a 200-day moving average of $23.05.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th will be paid 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 dividend payout ratio (DPR) is currently -300.00%.

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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.

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