Hewlett Packard Enterprise Co (NYSE:HPE) was the recipient of a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 26,285,591 shares, a decrease of 16.2% from the December 15th total of 31,356,147 shares. Based on an average trading volume of 6,743,642 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.7% of the company’s shares are sold short.

Hewlett Packard Enterprise (HPE) opened at $16.08 on Friday. Hewlett Packard Enterprise has a 12 month low of $12.81 and a 12 month high of $19.16. The firm has a market cap of $25,630.00 and a price-to-earnings ratio of 64.32. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.78 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts anticipate that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.

Hewlett Packard Enterprise declared that its board has authorized a share repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.

Several equities research analysts have recently weighed in on HPE shares. TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, October 16th. Oppenheimer reiterated a “buy” rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. Gabelli reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Sanford C. Bernstein reiterated a “buy” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.04.

In other news, CFO Timothy C. Stonesifer sold 56,170 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total transaction of $774,584.30. Following the completion of the sale, the chief financial officer now directly owns 177,634 shares in the company, valued at $2,449,572.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Margaret C. Whitman sold 235,050 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $13.81, for a total transaction of $3,246,040.50. Following the sale, the chief executive officer now owns 980,346 shares of the company’s stock, valued at $13,538,578.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 793,488 shares of company stock valued at $11,281,745. Corporate insiders own 0.87% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC lifted its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Parametric Portfolio Associates LLC now owns 5,602,984 shares of the technology company’s stock valued at $82,420,000 after buying an additional 45,636 shares in the last quarter. Third Point LLC lifted its position in shares of Hewlett Packard Enterprise by 16.7% during the second quarter. Third Point LLC now owns 7,000,000 shares of the technology company’s stock valued at $116,130,000 after purchasing an additional 1,000,000 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Hewlett Packard Enterprise by 58.3% during the third quarter. First Trust Advisors LP now owns 6,167,004 shares of the technology company’s stock valued at $90,717,000 after purchasing an additional 2,270,669 shares in the last quarter. Oak Associates Ltd. OH lifted its position in shares of Hewlett Packard Enterprise by 4.4% during the second quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock valued at $5,138,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 3.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 6,111,912 shares of the technology company’s stock valued at $89,907,000 after purchasing an additional 183,567 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://theolympiareport.com/2018/01/20/short-interest-in-hewlett-packard-enterprise-co-hpe-decreases-by-16-2.html.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.