What Hewlett Packard Enterprise Company (HPE) Insiders Are Up To

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BEPC Stock
BEPC Stock

Hewlett Packard Enterprise Company (NYSE:HPE) finished Thursday with a subtraction of -$0.2 to close at $12.40, a downside of -1.59 percent. An average of 10,707,060 shares of common stock have been traded in the last five days. There was a fall of -$0.67 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 13,377,686 shares traded, while the 50-day average volume stands at 10,690,088.

HPE stock has decreased by -13.95% in the last month. The company shares reached their 1-month lowest point of $12.34 on 09/22/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $12.40 and a high of $17.76 in 52 weeks. It has reached a new high 7 times so far this year and lost -21.37% or -$3.37 in price. In spite of this, the price is down -30.18% from the 52-week high.


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Insider Transactions

14 days have passed since Hewlett Packard Enterprise Company (HPE) last reported insider trading activity. Rothman Irv, who is Pres & CEO Financial Services, most recently acquired $70,115 shares at $13.33 per share on Sep 09. In this transaction, the insider spent $934,815. EVP, GM, Storage, Black Thomas E Jr, disposed of 28,347 shares at a price of $15.26 on Jun 07. The insider now owns more than $432,578 worth of shares. Prior to that, EVP, Chief People Officer MAY ALAN RICHARD went on to Sale 94,705 shares at $15.08 each on Jun 03. An amount of $1,428,095 was transacted.

Valuation Metrics

Hewlett Packard Enterprise Company (HPE) has a trailing price-to-earnings (P/E) ratio of 4.44. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.57, the price-to-book (PB) ratio at 0.79, and the price-to-cash flow ratio at 16.02.

The company has a payout ratio of 16.90%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.0080 reported on Wednesday October 23 2019.

Financial Health

The quick ratio of Hewlett Packard Enterprise Company for the three months ended July 30 was 0.70, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.67 for the quarter ending July 30. Its gross profit as reported stood at $9.38 billion compared to revenue of $27.78 billion.

Earnings Surprise

For the three-month period that ended July 30, Hewlett Packard Enterprise Company had $9.14 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $409.0 million in the quarter, while revenues were grew 4.16%. The analyst consensus anticipated Hewlett Packard Enterprise Company’s latest quarter earnings to come in at $0.48 per share, but it turned out to be $0.48, a 0.00% surprise. For the quarter, EBITDA amounted to $1.09 billion. Shareholders own equity worth $1.29 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hewlett Packard Enterprise Company (HPE) price momentum. RSI 9-day as of the close on 22 September was 22.00%, suggesting the stock is oversold, with historical volatility in this time frame at 26.11%.

As of today, HPE’s price is $12.76 -5.13% or -$0.67 from its 5-day moving average. HPE is currently trading -13.65% lower than its 20-day SMA and -19.53% lower than its 100-day SMA. However, the stock’s current price level is -4.62% below the SMA50 and -17.99% below the SMA200.

The stochastic %K and %D were 4.50% and 9.63%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 4.05% and the average true range at 0.36, the RSI (14) stands at 28.51%. The stock has reached -0.40 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.

Analyst Ratings

Credit Suisse launched coverage on Hewlett Packard Enterprise Company (NYSE: HPE) in its analyst report released on August 17, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Hewlett Packard Enterprise Company (HPE) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell HPE, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 7 others rate it as a “buy”.

What is HPE’s price target for the next 12 months?

Analysts predict a range of price targets between $13.00 and $20.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Hewlett Packard Enterprise Company (HPE) stock is $16.58.

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