Hewlett Packard Enterprise Company’s Stock Price Drops to $20.67, Marking a 2.13% Decrease

Hewlett Packard Enterprise Company (HPE)

20.67 USD -0.45 (-2.13%) Volume: 11.41M

Hewlett Packard Enterprise Company’s stock price currently stands at 20.67 USD, experiencing a drop of -2.13% this trading session with a trading volume of 11.41M. Despite the day’s loss, HPE’s stock demonstrates a robust performance with a YTD increase of +21.73%, highlighting its potential for investors.

Latest developments on Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Company (NYSE:HPE) has seen a 3.4% increase in its stock price over the past week, pleasing its large institutional owners who control 84% of the company. Despite underperforming compared to competitors on certain days, collaborations with companies like NVIDIA have boosted investor confidence. Recent moves by institutional investors, such as Brookstone Capital Management selling shares, indicate ongoing interest in HPE’s stock. Additionally, discussions around executive pay linked to climate goals and efforts to protect the supply chain software from security attacks have also impacted the company’s stock movements.

Hewlett Packard Enterprise Company on Smartkarma

Analysts on Smartkarma are closely following the performance of Hewlett Packard Enterprise (HPE). Baptista Research‘s report highlights HPE’s notable performance in the second quarter of fiscal 2024, driven by a robust increase in demand for AI systems. This resulted in a cumulative AI systems orders of $4.6 billion for the quarter. The report also mentions HPE’s optimistic outlook with a raise in full-year revenue guidance. You can read more about this report here.

Another report from Baptista Research discusses HPE’s challenges in Q1 2024, where revenues did not meet expectations due to softening in the network industry and supply constraints for GPUs. Despite these challenges, analysts are optimistic about HPE’s transition to an as-a-service model and hybrid cloud growth. To learn more about this report, visit here.

A look at Hewlett Packard Enterprise Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Hewlett Packard Enterprise appears to have a positive long-term outlook. With high scores in Value, Dividend, Growth, and Momentum, the company seems to be in a strong position across various factors. However, its Resilience score is lower, indicating potential vulnerability in certain areas. Overall, Hewlett Packard Enterprise provides information technology solutions globally, offering a range of services such as enterprise security, analytics, cloud consulting, and more.

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