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Hewlett Packard Enterprise Co (HPE) Stock Could Soon Reward Patient Investors

Hewlett Packard Enterprise Co (NYSE: HPE) is 4.24% higher on its value in year-to-date trading and has touched a low of $13.65 and a high of $20.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HPE stock was last observed hovering at around $17.94 in the last trading session, with the day’s loss setting it -0.24%.

Currently trading at $17.70, the stock is 0.50% and 8.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.36 million and changing -1.34% at the moment leaves the stock 6.62% off its SMA200. HPE registered 12.60% gain for a year compared to 6-month loss of 1.90%. The firm has a 50-day simple moving average (SMA 50) of $1.14 and a 200-day simple moving average (SMA200) of $6.51.

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The stock witnessed a 13.75% gain in the last 1 month and extending the period to 3 months gives it a 4.24%, and is 1.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 3.71% over the month.

Hewlett Packard Enterprise Co (HPE) has around 62000 employees, a market worth around $23.01B and $28.08B in sales. Current P/E ratio is 12.19 and Fwd P/E is 8.62. Profit margin for the company is 6.81%. Distance from 52-week low is 29.62% and -11.81% from its 52-week high. The company has generated returns on investments over the last 12 months (6.53%).

Hewlett Packard Enterprise Co quarterly earnings per share for the current quarter are estimated at $0.39 with sales reaching $6.83B over the same period.The EPS is expected to shrink by -12.67% this year, but quarterly earnings will post 0.10% year-over-year.

Hewlett Packard Enterprise Co (HPE) Top Institutional Holders

1,270 institutions hold shares in Hewlett Packard Enterprise Co (HPE), with institutional investors hold 84.01% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.29B with Short Float at 1.83%. Institutions hold 83.52% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 157.38 million shares valued at $2.64 billion. The investor’s holdings represent 12.27% of the HPE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 135.6 million shares valued at $2.28 billion to account for 10.57% of the shares outstanding. The other top investors are State Street Corporation which holds 68.01 million shares representing 5.30% and valued at over $1.14 billion, while Dodge & Cox Inc holds 4.31% of the shares totaling 55.28 million with a market value of $928.76 million.

Hewlett Packard Enterprise Co (HPE) Insider Activity

The most recent transaction is an insider sale by Major Kristin K,the company’sEVP, Chief People Officer. SEC filings show that Major Kristin K sold 24,722 shares of the company’s common stock on Mar 06 ’24 at a price of $19.01 per share for a total of $0.47 million. Following the sale, the insider now owns 0.0 shares.

Hewlett Packard Enterprise Co disclosed in a document filed with the SEC on Mar 05 ’24 that Gold Gerri (EVP, Pres & CEO Financial Serv) sold a total of 13,399 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $18.01 per share for $0.24 million. Following the transaction, the insider now directly holds 79865.0 shares of the HPE stock.

Still, SEC filings show that on Mar 04 ’24, REINER GARY M (Director) disposed off 70,000 shares at an average price of $17.22 for $1.21 million. The insider now directly holds 181,686 shares of Hewlett Packard Enterprise Co (HPE).

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