Hewlett Packard Enterprise Co (NYSE:HPE) has a beta value of 1.24 and has seen 2.55 million shares traded in the recent trading session. The company, currently valued at $27.55B, closed the recent trade at $21.22 per share which meant it lost -$0.91 on the day or -4.13% during that session. The HPE stock price is -7.54% off its 52-week high price of $22.82 and 31.81% above the 52-week low of $14.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.42 million shares traded. The 3-month trading volume is 15.57 million shares.
The consensus among analysts is that Hewlett Packard Enterprise Co (HPE) is Hold stock at the moment, with a recommendation rating of 2.26. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.56.
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Hewlett Packard Enterprise Co (NYSE:HPE) trade information
Sporting -4.13% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HPE stock price touched $21.22 or saw a rise of 6.19%. Year-to-date, Hewlett Packard Enterprise Co shares have moved 24.94%, while the 5-day performance has seen it change 0.17%. Over the past 30 days, the shares of Hewlett Packard Enterprise Co (NYSE:HPE) have changed 6.77%. Short interest in the company has seen 33.64 million shares shorted with days to cover at 3.0.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could drop -6.1% from the levels at last check today. The projected low price target is $14.0 while the price target rests at a high of $29.0. In that case, then, we find that the latest price level in today’s session is -36.66% off the targeted high while a plunge would see the stock lose 34.02% from the levels at last check today.
Hewlett Packard Enterprise Co (HPE) estimates and forecasts
Figures show that Hewlett Packard Enterprise Co shares have underperformed across the wider relevant industry. The company’s shares have gained 14.55% over the past 6 months, with this year growth rate of -9.30%, compared to 16.60% for the industry. Revenue growth from the last financial year stood is estimated to be 2.71%.
15 analysts offering their estimates for the company have set an average revenue estimate of 8.26B for the current quarter. 13 have an estimated revenue figure of 7.77B for the next ending quarter. Year-ago sales stood 7.35B and 6.75B respectively for this quarter and the next, and analysts expect sales will grow by 12.36% for the current quarter and 2.71% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.61% over the past 5 years. Earnings growth for 2024 is a modest -8.84% while over the next 5 years, the company’s earnings are expected to increase by 3.45%.
HPE Dividends
Hewlett Packard Enterprise Co is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.52 at a share yield of 2.45%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.36%.
Hewlett Packard Enterprise Co (NYSE:HPE)’s Major holders
Insiders own 0.40% of the company shares, while shares held by institutions stand at 86.49% with a share float percentage of 86.83%. Investors are also buoyed by the number of investors in a company, with Hewlett Packard Enterprise Co having a total of 1425.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 163.62 million shares worth more than $3.46 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.4809% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 125.55 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.66 billion and represent 9.5764% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.16% shares in the company for having 41.06 shares of worth $864.7 million while later fund manager owns 34.04 shares of worth $716.87 million as of Sep 30, 2024, which makes it owner of about 2.62% of company’s outstanding stock.
