Short Interest in Hewlett Packard Enterprise (NYSE:HPE) Increases By 21.3%

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 86,240,000 shares, a growth of 21.3% from the March 31st total of 71,090,000 shares. Based on an average daily volume of 21,270,000 shares, the short-interest ratio is currently 4.1 days. Approximately 6.6% of the shares of the company are sold short.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.36% of the company's stock.

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $507,000. Synovus Financial Corp grew its holdings in shares of Hewlett Packard Enterprise by 7.9% in the third quarter. Synovus Financial Corp now owns 23,751 shares of the technology company's stock worth $486,000 after purchasing an additional 1,732 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 4.6% in the third quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company's stock worth $31,939,000 after purchasing an additional 68,892 shares during the last quarter. GAMMA Investing LLC increased its stake in Hewlett Packard Enterprise by 57.2% in the 4th quarter. GAMMA Investing LLC now owns 15,521 shares of the technology company's stock worth $331,000 after buying an additional 5,646 shares during the period. Finally, Nordea Investment Management AB boosted its position in Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 2.8 %

NYSE HPE traded up $0.46 on Friday, hitting $16.87. 15,401,955 shares of the stock were exchanged, compared to its average volume of 17,011,988. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The firm has a market capitalization of $22.16 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a fifty day moving average price of $15.83 and a two-hundred day moving average price of $19.58.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.08%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Wells Fargo & Company cut their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Morgan Stanley lowered Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research report on Tuesday, April 8th. Finally, Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $20.60.

About Hewlett Packard Enterprise

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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