During the last session, Hewlett Packard Enterprise Co (NYSE:HPE)’s traded shares were 15.17 million, with the beta value of the company hitting 1.20. At the end of the trading day, the stock’s price was $20.34, reflecting an intraday gain of 2.37% or $0.47. The 52-week high for the HPE share is $22.82, that puts it down -12.19 from that peak though still a striking 28.86% gain since the share price plummeted to a 52-week low of $14.47. The company’s market capitalization is $26.41B, and the average intraday trading volume over the past 10 days was 10.79 million shares, and the average trade volume was 15.37 million shares over the past three months.
Hewlett Packard Enterprise Co (HPE) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.39. HPE has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
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Hewlett Packard Enterprise Co (NYSE:HPE) trade information
Hewlett Packard Enterprise Co (HPE) registered a 2.37% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.37% in intraday trading to $20.34, hitting a weekly high. The stock’s 5-day price performance is 5.33%, and it has moved by 1.95% in 30 days. Based on these gigs, the overall price performance for the year is 32.94%. The short interest in Hewlett Packard Enterprise Co (NYSE:HPE) is 37.03 million shares and it means that shorts have 2.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies a decrease of -1.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $26 respectively. As a result, HPE is trading at a discount of -27.83% off the target high and 31.17% off the low.
Hewlett Packard Enterprise Co (HPE) estimates and forecasts
Statistics show that Hewlett Packard Enterprise Co has underperformed its competitors in share price, compared to the industry in which it operates. Hewlett Packard Enterprise Co (HPE) shares have gone up 23.72% during the last six months, with a year-to-date growth rate less than the industry average at -9.30% against 4.60.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.61%. While earnings are projected to return -8.95% in 2024, the next five years will return 2.42% per annum.
HPE Dividends
Hewlett Packard Enterprise Co is due to release its next quarterly earnings on 2024-Nov-26. 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 Co is 0.52, with the dividend yield indicating at 2.56 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.36%.
Hewlett Packard Enterprise Co (NYSE:HPE)’s Major holders
Hewlett Packard Enterprise Co insiders own 0.38% of total outstanding shares while institutional holders control 83.93%, with the float percentage being 84.25%. VANGUARD GROUP INC is the largest shareholder of the company, while 1390.0 institutions own stock in it. As of 2024-06-30, the company held over 163.62 million shares (or 12.4809% of all shares), a total value of $3.46 billion in shares.
The next largest institutional holding, with 125.55 million shares, is of BLACKROCK INC.’s that is approximately 9.5764% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.66 billion.
