Hewlett Packard Enterprise Co (NYSE:HPE) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 48,459,300 shares, a growth of 25.2% from the July 15th total of 38,709,800 shares. Based on an average daily volume of 9,950,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 3.5% of the shares of the company are short sold.
NYSE HPE opened at $12.94 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $12.09 and a 12 month high of $17.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.93 and a quick ratio of 0.80. The firm has a market capitalization of $17.74 billion, a PE ratio of 8.29, a P/E/G ratio of 1.28 and a beta of 1.58. The company’s 50 day simple moving average is $13.89 and its 200 day simple moving average is $15.04.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a dividend of $0.112 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.46%. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,412 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total value of $235,183.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Irv Rothman sold 84,629 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $13.85, for a total transaction of $1,172,111.65. The disclosure for this sale can be found here. Insiders sold 111,129 shares of company stock worth $1,558,212 in the last 90 days. 0.56% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of HPE. Cerebellum GP LLC acquired a new position in Hewlett Packard Enterprise in the first quarter worth approximately $25,000. Wealthcare Advisory Partners LLC grew its position in Hewlett Packard Enterprise by 367.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock worth $32,000 after buying an additional 1,679 shares during the last quarter. WealthStone Inc. acquired a new position in Hewlett Packard Enterprise in the second quarter worth approximately $34,000. Truewealth LLC grew its position in Hewlett Packard Enterprise by 72.7% in the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Finally, Thor Advisors LLC acquired a new position in Hewlett Packard Enterprise in the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.
Several equities research analysts have commented on the stock. Longbow Research assumed coverage on shares of Hewlett Packard Enterprise in a research note on Friday, June 21st. They issued a “neutral” rating and a $15.00 price target on the stock. Nomura lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Maxim Group set a $17.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Evercore ISI began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 5th. They set an “underperform” rating and a $14.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $16.21.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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