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Friday, September 29, 2023

Momentum Is Strong For Hewlett Packard Enterprise Company (NYSE: HPE)

After Hours

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. After-hours trades for Hewlett Packard Enterprise Company (HPE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.045, or -0.25%, to $17.935. The Hewlett Packard Enterprise Company has recorded 490,207 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Hewlett Packard Enterprise Reports Fiscal 2023 Third Quarter Results.

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Stocks Info

This NYSE-listed company operates within the Communication Equipment industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $17.98 and fluctuated between $18.02 as its day high and $17.19 as its day low. The current market capitalization of Hewlett Packard Enterprise Company is $21.80B. A total of 19.82 million shares were traded on the day, compared to an average of 12.23M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HPE has seen 6 BUY and 11 SELL insider trades, representing the acquisition of 52,245 and the disposition of 647,253 shares. Over the last 12 months, there were 90 BUYs and 96 SELLs from insiders. Insiders purchased 3,660,465 shares during that period but sold 3,163,956.

In the most recent transaction, Cox Jeremy sold 21,131 shares of HPE for 17.66 per share on Jul 27. After the transaction, the SVP Controller and CTO now owns 615 company shares. In a previous transaction on Jun 15, Hotard Justin sold 10,227 shares at 17.00 per share. HPE shares that EVP, GM, HPC and AI owns now total 0.

Among the insiders who sold shares, Cox Jeremy disposed of 9,161 shares on Jun 15 at a per-share price of $17.00. This resulted in the SVP Controller and CTO holding 615 shares of HPE after the transaction. In another insider transaction, MacDonald Neil B sold 5,668 shares at $17.00 per share on Jun 15. Company shares held by the EVP, GM of Compute now total 67,744.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Hewlett Packard Enterprise Company pays an annual dividend of $0.48, resulting in a dividend yield of 2.67%, and it has a price to earnings (P/E) ratio of 22.03. HPE’s most recent ex-dividend date was 9/13/2023 when it declared a $0.12 quarterly dividend that was paid in cash on 10/13/2023. Previously, the company paid the dividend on 7/14/2023 with an ex-dividend date of 6/14/2023. The HPE stock dividend was $0.12 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HPE in the last 3 months, the mean price target is $18.01 with high estimates of $21.00 and low estimates of $15.00. In terms of 52-week highs and lows, HPE has a high of $18.14 and a low of $11.90.

As of this writing, HPE has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.48. The company reported an EPS of $0.52 in the last quarter, which was 8.30% higher than expectations of $0.48.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HPE’s latest balance sheet shows that the firm has $4.00B in Cash & Short Term Investments as of fiscal 2021. There were $13.45B in debt and $20.69B in liabilities at the time. Its Book Value Per Share was $15.62, while its Total Shareholder’s Equity was $20.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.38.

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