Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 28,860,000 shares, a drop of 8.5% from the April 30th total of 31,530,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 15,300,000 shares, the short-interest ratio is currently 1.9 days.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on HPE shares. Barclays decreased their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. Stifel Nicolaus cut their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Evercore ISI cut their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Wells Fargo & Company raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $18.20.
Get Our Latest Research Report on Hewlett Packard Enterprise
Insiders Place Their Bets
In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Verity Asset Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 48.8% in the 1st quarter. Verity Asset Management Inc. now owns 24,697 shares of the technology company’s stock valued at $438,000 after purchasing an additional 8,101 shares during the period. Cetera Advisors LLC increased its position in Hewlett Packard Enterprise by 39.8% in the 1st quarter. Cetera Advisors LLC now owns 55,388 shares of the technology company’s stock valued at $982,000 after buying an additional 15,774 shares in the last quarter. Cetera Investment Advisers increased its position in Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares in the last quarter. Swedbank AB bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $26,995,000. Finally, Plato Investment Management Ltd bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $363,000. 80.78% of the stock is owned by institutional investors and hedge funds.
Hewlett Packard Enterprise Stock Down 4.7 %
Shares of HPE opened at $17.65 on Monday. The company has a market capitalization of $22.95 billion, a PE ratio of 12.17, a PEG ratio of 3.27 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $13.79 and a 12 month high of $20.07. The stock’s 50-day moving average price is $17.54 and its two-hundred day moving average price is $16.70. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current year.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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