Potential Price Increase for Hewlett Packard Enterprise Company (HPE) After Recent Insider Activity


Hewlett Packard Enterprise Company’s recently made public that its President and CEO Neri Antonio F unloaded Company’s shares for reported $7.6 million on Sep 07. In the deal valued at $17.48 per share,434,884 shares were sold. As a result of this transaction, Neri Antonio F now holds 1,370,291 shares worth roughly $ 23.29 million.

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Then, MAY ALAN RICHARD sold 343,016 shares, generating $5,995,817 in total proceeds. Upon selling the shares at $17.48, the EVP, Chief People Officer now owns 249,511 shares.

Before that, Gold Gerri sold 14,166 shares. Hewlett Packard Enterprise Company shares valued at $247,627 were divested by the EVP, Pres & CEO Financial Serv at a price of $17.48 per share. As a result of the transaction, Gold Gerri now holds 50,584 shares, worth roughly $0.86 million.

Citigroup initiated its Hewlett Packard Enterprise Company [HPE] rating to a Neutral in a research note published on Monday, June 30, 2023; the price target was $18. PT values the company’s stock at a premium of 5.56 to its Monday closing price.

Price Performance Review of HPE

On Monday, Hewlett Packard Enterprise Company [NYSE:HPE] saw its stock fall -0.41% to $17.00. On the same session, the stock had its day’s lowest price of $16.785, but rose to a high of $17.04. Over the last five days, the stock has lost -1.33%. Hewlett Packard Enterprise Company shares have risen nearly 6.52% since the year began. Nevertheless, the stocks have risen 30.07% over the past one year. While a 52-week high of $18.14 was reached on 08/08/23, a 52-week low of $11.90 was recorded on 05/04/23. SMA at 50 days reached $17.25, while 200 days put it at $16.02. A total of 8.84 million shares were traded, compared to the trading of 8.72 million shares in the previous session.

Levels Of Support And Resistance For HPE Stock

The 24-hour chart illustrates a support level at 16.84, which if violated will result in even more drops to 16.69. On the upside, there is a resistance level at 17.10. A further resistance level may holdings at 17.20. The Relative Strength Index (RSI) on the 14-day chart is 47.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.78%. Stochastics %K at 47.14% indicates the stock is a holding.

How much short interest is there in Hewlett Packard Enterprise Company?

A steep rise in short interest was recorded in Hewlett Packard Enterprise Company stocks on Aug 30, 2023, growing by 1.64 million shares to a total of 30.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 29.16 million shares. There was a rise of 5.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.65.

Hewlett Packard Enterprise Company [HPE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 151,793,400 shares, or roughly 11.75% of the outstanding HPE shares. In other words, the investor’s shares have fallen by -1,027,863 from its previous 13-F filing of 152821263.0. Additionally, BlackRock Fund Advisors increased 2.64% of its stake after which the total value it holdings stand at $1,339,479,622, while SSgA Funds Management, Inc. reduced -0.03% of its stake to hold $1.16 billion in the firm. Over the last quarter, Dodge & Cox sold -2,193,852 shares of Hewlett Packard Enterprise Company, while PRIMECAP Management Co. sold -1,275,930 shares. At present, Geode Capital Management LLC is holding 27,804,203 shares valued at $472.39 million. Managed Account Advisors LLC owned 26,271,646 shares of the company at the time of its most recent 13F filing, worth $446.36 million.

According to FactSet, Hewlett Packard Enterprise Company’s share price will average $18.01 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6.03 percent from its previous closing price of $17.07. Analysts expect Hewlett Packard Enterprise Company stock to reach the higher price of $21.00, while the lowest price estimate is $15.00. However, 21 analysts have rated HPE stock as a Hold in their predictions for 2023.


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