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Saturday, December 9, 2023

Hewlett Packard Enterprise Co (NYSE: HPE) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Hewlett Packard Enterprise Co (HPE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.3123, or -1.96%, to $15.6477. The Hewlett Packard Enterprise Co has recorded 161,814 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Hewlett Packard Enterprise to Present Live Audio Webcast of Fiscal 2023 Fourth Quarter Earnings Conference Call.

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Stocks Info

Hewlett Packard Enterprise Co is listed on the NYSE in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $15.96 and fluctuated between $15.99 as its day high and $15.60 as its day low. The current market capitalization of Hewlett Packard Enterprise Co is $20.47B. A total of 5.8 million shares were traded on the day, compared to an average of 10.05M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HPE has seen 7 BUY and 4 SELL insider trades, representing the acquisition of 690,912 and the disposition of 685,048 shares. Over the last 12 months, there were 92 BUYs and 95 SELLs from insiders. Insiders purchased 4,281,584 shares during that period but sold 3,674,729.

In the most recent transaction, Neri Antonio F sold 434,884 shares of HPE for 17.48 per share on Sep 07. After the transaction, the President and CEO now owns 1,370,291 company shares. In a previous transaction on Sep 07, MAY ALAN RICHARD sold 343,016 shares at 17.48 per share. HPE shares that EVP, Chief People Officer owns now total 249,511.

Among the insiders who sold shares, Gold Gerri disposed of 14,166 shares on Sep 07 at a per-share price of $17.48. This resulted in the EVP, Pres & CEO Financial Serv holding 50,584 shares of HPE after the transaction. In another insider transaction, Black Thomas E Jr sold 8,950 shares at $17.48 per share on Sep 07. Company shares held by the EVP, GM, Storage now total 0.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hewlett Packard Enterprise Co pays an annual dividend of $0.48, resulting in a dividend yield of 3.02%, and it has a price to earnings (P/E) ratio of 19.56. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HPE in the last 3 months, the mean price target is $18.05 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 $13.65.

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 14 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.49. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $16.07, while its Total Shareholder’s Equity was $20.02B.

Analysts Opinion

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. 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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