Hewlett Packard Enterprise Co (NYSE:HPE) Short Interest Up 6.9% in January

Hewlett Packard Enterprise Co (NYSE:HPE) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 41,630,000 shares, a growth of 6.9% from the January 15th total of 38,960,000 shares. Based on an average daily trading volume, of 8,800,000 shares, the short-interest ratio is presently 4.7 days. Currently, 3.2% of the shares of the company are sold short.

In related news, insider Philip Davis sold 16,884 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $246,675.24. Following the sale, the insider now directly owns 26,313 shares of the company’s stock, valued at $384,432.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeff T. Ricci sold 9,255 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.90, for a total transaction of $147,154.50. Following the sale, the senior vice president now directly owns 35,043 shares in the company, valued at $557,183.70. The disclosure for this sale can be found here. Insiders have sold 113,164 shares of company stock worth $1,779,022 over the last three months. 0.56% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Hewlett Packard Enterprise by 7.7% in the second quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after buying an additional 7,054,145 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Hewlett Packard Enterprise by 2.5% in the fourth quarter. Pzena Investment Management LLC now owns 34,075,382 shares of the technology company’s stock valued at $540,436,000 after buying an additional 834,063 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Hewlett Packard Enterprise by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 21,973,112 shares of the technology company’s stock valued at $348,494,000 after buying an additional 356,588 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Hewlett Packard Enterprise by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 12,788,883 shares of the technology company’s stock valued at $202,832,000 after buying an additional 1,028,415 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hewlett Packard Enterprise by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 12,222,717 shares of the technology company’s stock valued at $193,853,000 after buying an additional 146,213 shares during the last quarter. Institutional investors and hedge funds own 82.76% of the company’s stock.

NYSE:HPE traded down $0.26 during trading hours on Friday, reaching $14.44. 8,114,899 shares of the company were exchanged. The stock’s 50-day moving average is $15.15 and its 200-day moving average is $15.11. Hewlett Packard Enterprise has a twelve month low of $12.52 and a twelve month high of $17.59.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, November 25th. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $7.22 billion for the quarter, compared to analyst estimates of $7.41 billion. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Research analysts forecast that Hewlett Packard Enterprise will post 1.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, March 10th.

A number of brokerages recently issued reports on HPE. Bank of America raised shares of Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, October 21st. Credit Suisse Group reissued a “sell” rating and set a $13.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, November 28th. Deutsche Bank began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, December 12th. They set a “buy” rating and a $19.00 price objective for the company. ValuEngine cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, TheStreet cut shares of Hewlett Packard Enterprise from a “b-” rating to a “c” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.75.

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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