Hewlett Packard Enterprise Co (NYSE:HPE) Short Interest Up 32.5% in September

Hewlett Packard Enterprise Co (NYSE:HPE) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 45,950,000 shares, a growth of 32.5% from the August 30th total of 34,680,000 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 9,680,000 shares, the days-to-cover ratio is currently 4.7 days.

In related news, insider Philip Davis sold 16,436 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total transaction of $237,171.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Antonio F. Neri sold 49,635 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.19, for a total value of $753,955.65. Following the sale, the chief executive officer now owns 29,602 shares of the company’s stock, valued at approximately $449,654.38. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 111,920,044 shares of the technology company’s stock valued at $1,673,205,000 after purchasing an additional 2,145,947 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Hewlett Packard Enterprise by 7.7% in the 2nd quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after purchasing an additional 7,054,145 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Hewlett Packard Enterprise by 14.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,357,266 shares of the technology company’s stock valued at $214,641,000 after purchasing an additional 1,843,800 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Hewlett Packard Enterprise by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,998,795 shares of the technology company’s stock valued at $194,333,000 after purchasing an additional 261,286 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Hewlett Packard Enterprise by 24.7% in the 2nd quarter. Invesco Ltd. now owns 12,041,146 shares of the technology company’s stock valued at $180,014,000 after purchasing an additional 2,383,889 shares during the last quarter. Institutional investors and hedge funds own 81.64% of the company’s stock.

Several analysts recently issued reports on HPE shares. Barclays increased their target price on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. TheStreet cut Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Daiwa Capital Markets set a $14.00 target price on Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Thursday, August 29th. Nomura cut their target price on Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Finally, UBS Group set a $15.00 target price on Hewlett Packard Enterprise and gave the stock a “sell” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.81.

NYSE HPE traded up $0.24 during trading on Friday, hitting $14.35. 6,265,912 shares of the stock traded hands, compared to its average volume of 10,277,427. The company has a market capitalization of $18.37 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The firm has a 50-day simple moving average of $14.30 and a 200-day simple moving average of $14.69. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.59. Hewlett Packard Enterprise has a 12-month low of $12.09 and a 12-month high of $16.97.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The business had revenue of $7.22 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. As a group, research analysts predict that Hewlett Packard Enterprise will post 1.74 EPS for the current fiscal year.

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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