Hewlett Packard Enterprise Company [NYSE: HPE] gained 0.80% on the last trading session, reaching $13.88 price per share at the time. The company report on July 12, 2022 that French Cloud Service Provider AntemetA Selects HPE GreenLake to Introduce New Automated Disaster Recovery Service.
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Cloud service provider offers customers a cloud service with cloud-native disaster recovery infrastructure for SMBs, enterprise customers and the healthcare sector.
Hewlett Packard Enterprise (NYSE: HPE) today announced that AntemetA, one of the leading cloud service providers in France, has selected HPE GreenLake for Disaster Recovery, a new cloud-native data solution that protects data from the edge to the cloud, to build a manageable, flexible and highly secure private hosting infrastructure to support strategic workloads and drive new business growth.
Hewlett Packard Enterprise Company represents 1.31 billion in outstanding shares, while the company has a total market value of $18.41 billion with the latest information. HPE stock price has been found in the range of $13.7211 to $13.925.
If compared to the average trading volume of 11.12M shares, HPE reached a trading volume of 9491581 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $17.13 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 2.40. 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.
Deutsche Bank have made an estimate for Hewlett Packard Enterprise Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 14, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $19 to $16. The new note on the price target was released on May 20, 2022, representing the official price target for Hewlett Packard Enterprise Company stock. Previously, the target price had yet another drop from $17 to $15, while Morgan Stanley kept a Underweight rating on HPE stock.
The Average True Range (ATR) for Hewlett Packard Enterprise Company is set at 0.40, with the Price to Sales ratio for HPE stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 2.28. Price to Free Cash Flow for HPE in the course of the last twelve months was 19.16 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for HPE stock
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 5.47. With this latest performance, HPE shares gained by 1.91% in over the last four-week period, additionally sinking by -14.00% over the last 6 months – not to mention a drop of -1.56% 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 53.26, with the RSI for the last a single of trading hit 59.38, and the three-weeks RSI is set at 49.62 for Hewlett Packard Enterprise Company [HPE]. The present Moving Average for the last 50 days of trading for this stock 14.22, while it was recorded at 13.88 for the last single week of trading, and 15.49 for the last 200 days.
Hewlett Packard Enterprise Company [HPE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Hewlett Packard Enterprise Company [HPE] shares currently have an operating margin of +7.88 and a Gross Margin at +32.67. Hewlett Packard Enterprise Company’s Net Margin is presently recorded at +12.30.
Return on Equity for this stock inclined to 19.03, with Return on Assets sitting at 6.14.
Hewlett Packard Enterprise Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.90.
Hewlett Packard Enterprise Company [HPE]: An earnings per share (EPS) analysis
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 4.93%.
An analysis of insider ownership at Hewlett Packard Enterprise Company [HPE]
There are presently around $14,888 million, or 85.80% of HPE stock, in the hands of institutional investors. The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 152,566,180, which is approximately 1.21% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 125,228,080 shares of the stock with an approximate value of $1.74 billion in HPE stocks shares; and DODGE & COX, currently with $1.44 billion in HPE stock with ownership of nearly -1.777% of the company’s market capitalization.
Positions in Hewlett Packard Enterprise Company stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 428 institutional holders increased their position in Hewlett Packard Enterprise Company [NYSE:HPE] by around 71,059,915 shares. Additionally, 339 investors decreased positions by around 76,860,167 shares, while 159 investors held positions by with 924,693,166 shares. The mentioned changes placed institutional holdings at 1,072,613,248 shares, according to the latest SEC report filing. HPE stock had 107 new institutional investments in for a total of 11,380,019 shares, while 94 institutional investors sold positions of 27,893,606 shares during the same period.