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Tuesday, January 31, 2023

There’s No Getting Around Hewlett Packard Enterprise Company (NYSE: HPE) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Hewlett Packard Enterprise Company (HPE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 1.23%, to $16.45. The Hewlett Packard Enterprise Company has recorded 593,801 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted As Retail Doubles Down on Technology in 2023, Stretched IT Teams Will Demand More from Their Network.


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Stocks Info

HPE belongs to the Technology sector of the NYSE while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $16.25 and fluctuated between $16.45 as its day high and $16.05 as its day low. The current market capitalization of Hewlett Packard Enterprise Company is $20.66B. A total of 14.19 million shares were traded on the day, compared to an average of 14.43M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HPE has seen 49 BUY and 61 SELL insider trades, representing the acquisition of 2,618,909 and the disposition of 1,425,277 shares. Over the last 12 months, there were 78 BUYs and 71 SELLs from insiders. Insiders purchased 3,175,534 shares during that period but sold 1,708,492.

In the most recent transaction, Cox Jeremy sold 47,307 shares of HPE for 17.01 per share on Jan 06. After the transaction, the SVP Controller and CTO now owns 0 company shares. In a previous transaction on Jan 04, Mottram Phil sold 5,000 shares at 16.50 per share. HPE shares that EVP, GM, Intelligent Edge owns now total 34,764.

Among the insiders who sold shares, Cox Jeremy disposed of 851 shares on Dec 29 at a per-share price of $16.00. This resulted in the SVP Controller and CTO holding 47,307 shares of HPE after the transaction. In another insider transaction, Cox Jeremy sold 11,534 shares at $16.10 per share on Dec 14. Company shares held by the SVP Controller and CTO now total 46,455.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Hewlett Packard Enterprise Company pays an annual dividend of $0.48, resulting in a dividend yield of 2.95%, and it has a price to earnings (P/E) ratio of 25.00. HPE’s most recent ex-dividend date was 12/13/2022 when it declared a $0.12 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/7/2022 with an ex-dividend date of 9/9/2022. The HPE stock dividend was $0.12 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HPE in the last 3 months, the mean price target is $17.21 with high estimates of $20.00 and low estimates of $13.00. In terms of 52-week highs and lows, HPE has a high of $17.76 and a low of $11.90.

As of this writing, HPE has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.53. The company reported an EPS of $0.44 in the last quarter, which was -2.20% lower than expectations of $0.45.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HPE is Sell with a score of 3.38. A total of 6 analysts rated the stock as Buy while 4 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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