Hewlett Packard Enterprise Co (NYSE: HPE) is -26.74% lower on its value in year-to-date trading and has touched a low of $14.64 and a high of $24.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HPE stock was last observed hovering at around $15.43 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $15.64, the stock is -2.50% and -18.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.89 million and changing 1.36% at the moment leaves the stock -22.16% off its SMA200. HPE registered -11.79% loss for a year compared to 6-month loss of -22.34%. The firm has a 50-day simple moving average (SMA 50) of $19.2706 and a 200-day simple moving average (SMA200) of $20.09255.
The stock witnessed a -17.81% gain in the last 1 month and extending the period to 3 months gives it a -27.76%, and is -5.33% 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 2.55% over the week and 3.31% over the month.
Hewlett Packard Enterprise Co (HPE) has around 61000 employees, a market worth around $20.54B and $31.15B in sales. Current P/E ratio is 7.74 and Fwd P/E is 7.54. Profit margin for the company is 8.88%. Distance from 52-week low is 6.83% and -36.58% from its 52-week high. The company has generated returns on investments over the last 12 months (7.18%).
The EPS is expected to shrink by -9.48% this year.
Hewlett Packard Enterprise Co (HPE) Top Institutional Holders
1481.0 institutions hold shares in Hewlett Packard Enterprise Co (HPE), with institutional investors hold 86.34% of the company’s shares. The shares outstanding are 1.31B, and float is at 1.31B with Short Float at 3.35%. Institutions hold 85.96% 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 9.5691 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 3.7642 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 Cox Jeremy, the company’s SVP, Controller & CTO. SEC filings show that Cox Jeremy sold 11,577 shares of the company’s common stock on Jan 06 ’25 at a price of $23.00 per share for a total of $0.27 million. Following the sale, the insider now owns 48615.0 shares.
Still, SEC filings show that on Dec 12 ’24, RUSSO FIDELMA (EVP, GM, Hybrid Cloud & CTO) disposed off 51,762 shares at an average price of $21.86 for $1.13 million. The insider now directly holds 0 shares of Hewlett Packard Enterprise Co (HPE).
