Hewlett Packard Enterprise Co (NYSE: HPE) is 25.44% higher on its value in year-to-date trading and has touched a low of $14.47 and a high of $22.82 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 $21.25 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $21.30, the stock is -0.85% and 2.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.32 million and changing 0.24% at the moment leaves the stock 12.38% off its SMA200. HPE registered 26.11% gain for a year compared to 6-month gain of 21.02%. The firm has a 50-day simple moving average (SMA 50) of $20.6738 and a 200-day simple moving average (SMA200) of $18.92105.
The stock witnessed a 6.18% loss in the last 1 month and extending the period to 3 months gives it a 13.48%, and is -4.10% down 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 2.59% over the week and 2.63% over the month.
Hewlett Packard Enterprise Co (HPE) has around 62000 employees, a market worth around $27.66B and $28.92B in sales. Current P/E ratio is 15.18 and Fwd P/E is 10.10. Profit margin for the company is 6.41%. Distance from 52-week low is 47.25% and -6.66% from its 52-week high. The company has generated returns on investments over the last 12 months (6.18%).
The EPS is expected to shrink by -8.83% this year.
Hewlett Packard Enterprise Co (HPE) Top Institutional Holders
1427.0 institutions hold shares in Hewlett Packard Enterprise Co (HPE), with institutional investors hold 87.09% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.29B with Short Float at 2.60%. Institutions hold 86.75% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 163.62 million shares valued at $3.46 billion. The investor’s holdings represent 12.4809% of the HPE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 125.55 million shares valued at $2.66 billion to account for 9.5764 of the shares outstanding. The other top investors are STATE STREET CORP which holds 68.82 million shares representing 5.2493% and valued at over $1.47 billion, while BANK OF AMERICA CORP /DE/ holds 3.7671 of the shares totaling 49.39 million with a market value of $1.05 billion.
Hewlett Packard Enterprise Co (HPE) Insider Activity
The most recent transaction is an insider sale by Neri Antonio F, the company’s President and CEO. SEC filings show that Neri Antonio F sold 250,000 shares of the company’s common stock on Oct 14 ’24 at a price of $20.73 per share for a total of $5.18 million. Following the sale, the insider now owns 1.51 million shares.
Hewlett Packard Enterprise Co disclosed in a document filed with the SEC on Oct 08 ’24 that Cox Jeremy (SVP, Controller & CTO) sold a total of 7,770 shares of the company’s common stock. The trade occurred on Oct 08 ’24 and was made at $21.00 per share for $0.16 million. Following the transaction, the insider now directly holds 7771.0 shares of the HPE stock.
Still, SEC filings show that on Oct 08 ’24, Cox Jeremy (Officer) Proposed Sale 7,770 shares at an average price of $21.00 for $0.16 million. The insider now directly holds shares of Hewlett Packard Enterprise Co (HPE).
