Hewlett Packard Enterprise Company [NYSE: HPE] price plunged by -1.93 percent to reach at -$0.31. The company report on March 15, 2021 that Hewlett Packard Enterprise Unveils Industry’s Broadest Portfolio of AMD EPYC™ Processor-Based Solutions to Power the Edge to Exascale.
HPE’s enhanced portfolio of computing solutions using the new AMD EPYC™ 7003 Series Processor break world records with up to 39% better performance and greater energy efficiency to target any workload.
Hewlett Packard Enterprise (NYSE: HPE) announced record-breaking performance on a wide range of demanding workloads, surpassing competitors by up to 39%1 with its new computing solutions as part of the industry’s broadest set of AMD EPYC processor-based offerings. By using the new AMD EPYC™ 7003 Series Processor launched, HPE has secured 19 world records in key areas for optimizing workload experiences, including achieving leadership positions in virtualization, energy efficiency, database analytic workloads, and Java applications. To date, HPE servers and systems using 2nd and 3rd Gen AMD EPYC processors combined hold a total of 32 world records.
A sum of 10753465 shares traded at recent session while its average daily volume was at 10.67M shares. Hewlett Packard Enterprise Company shares reached a high of $16.025 and dropped to a low of $15.575 until finishing in the latest session at $15.74.
The one-year HPE stock forecast points to a potential downside of -2.81. The average equity rating for HPE stock is currently 2.70, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Hewlett Packard Enterprise Company [HPE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPE shares is $15.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPE stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Daiwa Securities have made an estimate for Hewlett Packard Enterprise Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 10, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $13 to $16. The new note on the price target was released on January 15, 2021, representing the official price target for Hewlett Packard Enterprise Company stock. Previously, the target price had yet another raise to $14, while Raymond James analysts kept a Outperform rating on HPE stock.
The Average True Range (ATR) for Hewlett Packard Enterprise Company is set at 0.49, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 3.27. Price to Free Cash Flow for HPE in the course of the last twelve months was 59.58 with Quick ratio for the last quarter at 0.70.
HPE Stock Performance Analysis:
Hewlett Packard Enterprise Company [HPE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.92. With this latest performance, HPE shares gained by 9.46% in over the last four-week period, additionally plugging by 67.98% over the last 6 months – not to mention a rise of 88.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPE stock in for the last two-week period is set at 69.68, with the RSI for the last a single of trading hit 69.93, and the three-weeks RSI is set at 69.03 for Hewlett Packard Enterprise Company [HPE]. The present Moving Average for the last 50 days of trading for this stock 13.49, while it was recorded at 15.65 for the last single week of trading, and 10.90 for the last 200 days.
Insight into Hewlett Packard Enterprise Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Hewlett Packard Enterprise Company [HPE] shares currently have an operating margin of +5.77 and a Gross Margin at +29.88. Hewlett Packard Enterprise Company’s Net Margin is presently recorded at -1.20.
Return on Total Capital for HPE is now 4.85, given the latest momentum, and Return on Invested Capital for the company is -1.16. Return on Equity for this stock declined to -1.94, with Return on Assets sitting at -0.61. When it comes to the capital structure of this company, Hewlett Packard Enterprise Company [HPE] has a Total Debt to Total Equity ratio set at 106.09. Additionally, HPE Total Debt to Total Capital is recorded at 51.48, with Total Debt to Total Assets ending up at 31.52. Long-Term Debt to Equity for the company is recorded at 81.53, with the Long-Term Debt to Total Capital now at 39.56.
Reflecting on the efficiency of the workforce at the company, Hewlett Packard Enterprise Company [HPE] managed to generate an average of -$5,421 per employee. Receivables Turnover for the company is 3.46 with a Total Asset Turnover recorded at a value of 0.51.Hewlett Packard Enterprise Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
HPE Stock EPS
With the latest financial reports released by the company, Hewlett Packard Enterprise Company posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -24.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hewlett Packard Enterprise Company go to 12.51%.
Hewlett Packard Enterprise Company [HPE] Insider Position Details
There are presently around $16,545 million, or 83.10% of HPE stock, in the hands of institutional investors. The top three institutional holders of HPE stocks are: DODGE & COX with ownership of 158,656,219, which is approximately 1.015% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 143,444,506 shares of the stock with an approximate value of $2.26 billion in HPE stocks shares; and BLACKROCK INC., currently with $1.86 billion in HPE stock with ownership of nearly 9.785% of the company’s market capitalization.
Positions in Hewlett Packard Enterprise Company stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 341 institutional holders increased their position in Hewlett Packard Enterprise Company [NYSE:HPE] by around 56,350,855 shares. Additionally, 348 investors decreased positions by around 67,121,133 shares, while 130 investors held positions by with 927,652,870 shares. The mentioned changes placed institutional holdings at 1,051,124,858 shares, according to the latest SEC report filing. HPE stock had 113 new institutional investments in for a total of 7,223,539 shares, while 70 institutional investors sold positions of 8,364,224 shares during the same period.