In last trading session, Hewlett Packard Enterprise Company (NYSE:HPE) saw 18.95 million shares changing hands with its beta currently measuring 1.27. Company’s recent per share price level of $17.07 trading at -$0.14 or -0.81% at ring of the bell on the day assigns it a market valuation of $21.84B. That closing price of HPE’s stock is at a discount of -6.27% from its 52-week high price of $18.14 and is indicating a premium of 30.29% from its 52-week low price of $11.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.0 million shares which gives us an average trading volume of 11.52 million if we extend that period to 3-months.
For Hewlett Packard Enterprise Company (HPE), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 22 analysts covering the stock, 1 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 4 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.51 in the current quarter.
Hewlett Packard Enterprise Company (NYSE:HPE) trade information
Upright in the red during last session for losing -0.81%, in the last five days HPE remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $17.07 price level, adding 2.68% to its value on the day. Hewlett Packard Enterprise Company’s shares saw a change of 6.95% in year-to-date performance and have moved -1.56% in past 5-day. Hewlett Packard Enterprise Company (NYSE:HPE) showed a performance of 0.18% in past 30-days. Number of shares sold short was 30.8 million shares which calculate 2.65 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $18.12 to the stock, which implies a rise of 5.79% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $21.00. It follows that stock’s current price would drop -23.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.13% for stock’s current value.
Hewlett Packard Enterprise Company (HPE) estimates and forecasts
Statistics highlight that Hewlett Packard Enterprise Company is scoring comparatively higher than the scores of other players of the relevant industry. The company added 19.29% of value to its shares in past 6 months, showing an annual growth rate of 5.45% while that of industry is 2.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -10.50% in the current quarter and calculating -20.60% decrease in the next quarter. This year revenue growth is estimated to rise 2.30% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.36 billion for the same. And 11 analysts are in estimates of company making revenue of $7.3 billion in the next quarter that will end on Jan 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 20.30% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -74.50% while estimates for its earnings growth in next 5 years are of 4.46%.
Hewlett Packard Enterprise Company is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Hewlett Packard Enterprise Company (NYSE:HPE)’s Major holders
Insiders are in possession of 0.40% of company’s total shares while institution are holding 85.02 percent of that, with stock having share float percentage of 85.36%. Investors also watch the number of corporate investors in a company very closely, which is 85.02% institutions for Hewlett Packard Enterprise Company that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at HPE for having 157.38 million shares of worth $2.64 billion. And as of Jun 29, 2023, it was holding 12.27% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 135.6 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 10.57% of outstanding shares, having a total worth of $2.28 billion.
On the other hand, Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 41.63 million shares of worth $699.42 million or 3.25% of the total outstanding shares. The later fund manager was in possession of 40.41 million shares on Jun 29, 2023, making its stake of worth around $678.94 million in the company or a holder of 3.15% of company’s stock.