Short Interest in Hewlett Packard Enterprise Company (HPE) Grows By 29.0%

The old rating for Hewlett Packard (HPE) shares of a "Buy" has been discontinued, as analysts at Citigroup lowered the current rating for Hewlett Packard (HPE) shares to a "Neutral". They now have a $15.00 price target on the technology company's stock.

Several research firms have recently weighed in on HPE. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, BidaskClub raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Monday, August 14th. Neuberger Berman Group LLC lifted its holdings in shares of Hewlett Packard Enterprise by 66.7% during the 1st quarter. As per Friday, November 6, the company rating was initiated by Deutsche Bank. The rating was initiated by Brean Capital with "Hold" on Friday, November 6. The stock has "Buy" rating by UBS on Wednesday, November 4. Hewlett Packard Enterprise now has an average rating of Hold and an average target price of $18.21.

Hewlett Packard Enterprise (HPE) traded up 0.61% on Friday, reaching $14.89. Based on an average daily volume of 18,124,892 shares, the short-interest ratio is presently 2.8 days. Hewlett Packard Enterprise Company has a one year low of $12.26 and a one year high of $15.12. The company's 50 day moving average is $18.51 and its 200-day moving average is $17.78.

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The company's P/E ratio is 208.33 and market cap is 24.29B. The technology company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion for the quarter, compared to analysts' expectations of $7.49 billion. The business's quarterly revenue was down 22.1% on a year-over-year basis.

Cramer Rosenthal Mcglynn LLC trimmed its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 39.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Analysts await Hewlett Packard Enterprise Co (NYSE:HPE) to report earnings on November, 28. If you are viewing this article on another domain, it was stolen and reposted in violation of US and global trademark and copyright laws.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Paloma Prns Mgmt owns 50,052 shares or 0.02% of their United States portfolio. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.75%. Hewlett Packard Enterprise's payout ratio is now 14.21%. The stock now has Monthly Volatility of 2.09% and Weekly Volatility of 1.48%. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. James Investment Research Inc. now owns 5,580 shares of the technology company's stock worth $132,000 after buying an additional 450 shares in the last quarter. The shares were sold at an average price of $17.82, for a total value of $6,943,883.76.

The Company retained 1.62 billion shares outstanding and keep hold of 1.62 billion floated shares. The disclosure for this sale can be found here. Vanguard Group Inc. now owns 110,856,810 shares of the technology company's stock valued at $1,839,114,000 after buying an additional 1,508,612 shares during the last quarter. It turned negative, as 79 investors sold BAC shares while 543 reduced holdings. WFG Advisors LP now owns 6,043 shares of the technology company's stock valued at $100,000 after purchasing an additional 801 shares during the period.

COPYRIGHT VIOLATION NOTICE: "Piedmont Investment Advisors LLC Sells 11,797 Shares of Hewlett Packard Enterprise Company (HPE)" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. YorkBridge Wealth Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 12.1% in the first quarter. CA grew its stake in shares of Hewlett Packard Enterprise by 9.6% during the first quarter. The stock of Vornado Realty Trust (NYSE:VNO) has "Buy" rating given on Monday, May 16 by Evercore. New England Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $1,813,000 at the end of the most recent quarter.

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Hewlett Packard Enterprise Company is a well-known 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).

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