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Is Hewlett Packard Enterprise Company (NYSE: HPE) Still A Buy After plugging 4.15% Last Week?

During the recent session, Hewlett Packard Enterprise Company (NYSE:HPE)’s traded shares were 3.52 million, with the beta value of the company hitting 1.24. At the last check today, the stock’s price was $14.93, reflecting an intraday gain of 1.74% or $0.26. The 52-week high for the HPE share is $17.25, that puts it down -15.54 from that peak though still a striking 20.29% gain since the share price plummeted to a 52-week low of $11.90. The company’s market capitalization is $19.12B, and the average intraday trading volume over the past 10 days was 13.64 million shares, and the average trade volume was 12.21 million shares over the past three months.

Hewlett Packard Enterprise Company (HPE) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.60. HPE has a Sell rating from 1 analyst(s) out of 20 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 5 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $HP Inc..

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Hewlett Packard Enterprise Company (NYSE:HPE) trade information

Hewlett Packard Enterprise Company (HPE) registered a 1.74% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.74% in intraday trading to $14.93 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 4.15%, and it has moved by 4.66% in 30 days. Based on these gigs, the overall price performance for the year is 0.10%. The short interest in Hewlett Packard Enterprise Company (NYSE:HPE) is 31.59 million shares and it means that shorts have 3.09 day(s) to cover.

The consensus price target of analysts on Wall Street is $17.19, which implies an increase of 13.15% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14.00 and $20.00 respectively. As a result, HPE is trading at a discount of -33.96% off the target high and 6.23% off the low.

Hewlett Packard Enterprise Company (HPE) estimates and forecasts

Statistics show that Hewlett Packard Enterprise Company has underperformed its competitors in share price, compared to the industry in which it operates. Hewlett Packard Enterprise Company (HPE) shares have gone down -5.54% during the last six months, with a year-to-date growth rate less than the industry average at 2.97% against 6.20.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 20.30%. While earnings are projected to return -74.50% in 2023, the next five years will return 5.64% per annum.

HPE Dividends

Hewlett Packard Enterprise Company is due to release its next quarterly earnings between May 30 and June 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Hewlett Packard Enterprise Company is 0.48, with the dividend yield indicating at 3.27 percent, continuing the trend of increasing dividends in recent years.

Hewlett Packard Enterprise Company (NYSE:HPE)’s Major holders

Hewlett Packard Enterprise Company insiders own 0.43% of total outstanding shares while institutional holders control 85.07%, with the float percentage being 85.43%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,212 institutions own stock in it. As of Mar 30, 2023, the company held over 158.47 million shares (or 12.23% of all shares), a total value of $2.52 billion in shares.

The next largest institutional holding, with 131.47 million shares, is of Blackrock Inc.’s that is approximately 10.15% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $2.09 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Hewlett Packard Enterprise Company (HPE) shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2022 indicates that Dodge & Cox Stock Fund owns about 43.16 million shares. This amounts to just over 3.33 percent of the company’s overall shares, with a $688.83 million market value. The same data shows that the other fund manager holds slightly less at 39.09 million, or about 3.02% of the stock, which is worth about $623.89 million.

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