Hewlett Packard Enterprise Company [HPE] Revenue clocked in at $27.98 billion, down -9.64% YTD: What’s Next?

Hewlett Packard Enterprise Company [NYSE: HPE] jumped around 0.45 points on Friday, while shares priced at $14.25 at the close of the session, up 3.26%. The company report on November 1, 2022 that Hewlett Packard Enterprise Introduces Next-Generation Compute Engineered for a Hybrid World.


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Hewlett Packard Enterprise Company stock is now -9.64% down from its year-to-date (YTD) trading value. HPE Stock saw the intraday high of $14.31 and lowest of $13.935 per share. The company’s 52-week high price is 17.76, which means current price is +19.75% above from all time high which was touched on 02/10/22.

Compared to the average trading volume of 13.25M shares, HPE reached a trading volume of 12927705 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $16.26 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.

Credit Suisse have made an estimate for Hewlett Packard Enterprise Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $18 to $16. The new note on the price target was released on June 14, 2022, representing the official price target for Hewlett Packard Enterprise Company stock. Previously, the target price had yet another drop from $19 to $16, while BofA Securities kept a Neutral rating on HPE stock. On April 12, 2022, analysts decreased their price target for HPE shares from 17 to 15.

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 0.65. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 2.94. Price to Free Cash Flow for HPE in the course of the last twelve months was 18.28 with Quick ratio for the last quarter at 0.70.

How has HPE stock performed recently?

Hewlett Packard Enterprise Company [HPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.97. With this latest performance, HPE shares gained by 10.38% in over the last four-week period, additionally sinking by -9.18% over the last 6 months – not to mention a drop of -6.68% 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 63.39, with the RSI for the last a single of trading hit 65.30, and the three-weeks RSI is set at 60.34 for Hewlett Packard Enterprise Company [HPE]. The present Moving Average for the last 50 days of trading for this stock 13.10, while it was recorded at 14.14 for the last single week of trading, and 14.80 for the last 200 days.

Hewlett Packard Enterprise Company [HPE]: Deeper insight into the 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 +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 0.70 and a Current Ratio set at 0.90.

Earnings analysis for Hewlett Packard Enterprise Company [HPE]

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 5.66%.

Insider trade positions for Hewlett Packard Enterprise Company [HPE]

There are presently around $15,253 million, or 86.00% of HPE stock, in the hands of institutional investors. The top three institutional holders of HPE stocks are: VANGUARD GROUP INC with ownership of 155,918,086, which is approximately 2.197% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 125,232,795 shares of the stock with an approximate value of $1.78 billion in HPE stocks shares; and DODGE & COX, currently with $1.48 billion in HPE stock with ownership of nearly -0.507% of the company’s market capitalization.

Positions in Hewlett Packard Enterprise Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 352 institutional holders increased their position in Hewlett Packard Enterprise Company [NYSE:HPE] by around 58,255,153 shares. Additionally, 369 investors decreased positions by around 46,680,347 shares, while 169 investors held positions by with 965,465,656 shares. The mentioned changes placed institutional holdings at 1,070,401,156 shares, according to the latest SEC report filing. HPE stock had 82 new institutional investments in for a total of 11,105,192 shares, while 86 institutional investors sold positions of 7,806,664 shares during the same period.

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