Treasurer of North Carolina Increases Stake in Hewlett Packard Enterprise
August 11, 2023
☀️Trending News
Recently, the Treasurer of the State of North Carolina announced an increase of its investment in Hewlett Packard Enterprise ($NYSE:HPE). Hewlett Packard Enterprise (HPE) is a leading global technology company providing world-class solutions and services to support customers’ transformation into a digital enterprise. It offers a wide range of products and services, from software, hardware, and IT services to cloud, analytics, and security solutions. The Treasurer’s decision to increase investments in HPE is likely due to the company’s ongoing success. HPE has also been making strategic acquisitions over the past year, such as its purchase of Cray Inc., a supercomputing giant, which is likely to benefit the company’s future performance. With such positive signs, it is not surprising that the Treasurer would want to increase investments in HPE.
The Treasurer’s decision is likely to be well received by North Carolina citizens. There has been an increasing demand for more responsible and ethical investments in publicly traded companies, and HPE is one that fits such criteria. The company focuses on sustainability and social responsibility, and it has taken measures to reduce its environmental impact. It also encourages its employees to volunteer in their local communities. As such, the Treasurer’s decision to increase its investments in HPE is likely to be widely applauded.
Share Price
HPE stock opened at $17.3 and closed at $17.4, up by 0.3% from the previous closing price of 17.3. This marks an important move for North Carolina’s investment portfolio as HPE is a major technology company that has long been at the forefront of innovation. The Treasurer of North Carolina’s decision to increase their stake in HPE is a sign of confidence in the company’s future prospects and potential growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HPE. More…
| Total Revenues | Net Income | Net Margin |
| 29.6k | 1.02k | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HPE. More…
| Operations | Investing | Financing |
| 4.35k | -3.43k | -1.37k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HPE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 55.55k | 35.13k | 15.76 |
Key Ratios Snapshot
Some of the financial key ratios for HPE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.6% | 6.5% | 5.0% |
| FCF Margin | ROE | ROA |
| 3.7% | 4.6% | 1.7% |
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of HEWLETT PACKARD ENTERPRISE. Our Star Chart shows that the company has an intermediate health score of 6/10, as it has sufficient cashflows and debt to sustain its future operations in times of crisis. Based on our research, we classify HEWLETT PACKARD ENTERPRISE as a ‘cow’, which is a type of company with a track record of paying out consistent and sustainable dividends. This makes it an attractive proposition for investors looking for reliable returns and steady income. Our analysis reveals that HEWLETT PACKARD ENTERPRISE is strong in terms of asset, dividend, and profitability, but weak in terms of growth. As such, it may be a suitable option for long-term investors who are looking for stability rather than high returns. More…
Peers
The competition between Hewlett Packard Enterprise Co and its competitors, Dawning Information Industry Co Ltd, Eastern Communications Co Ltd, and Accton Technology Corp, is fierce. All four companies have invested heavily in research and development to stay ahead of the competition in the ever-evolving technology industry. Each company is striving to create innovative products and services that will give them an edge over their rivals. As the competition continues to heat up, each company is sure to bring their best to the table.
– Dawning Information Industry Co Ltd ($SHSE:603019)
Dawning Information Industry Co Ltd is a Chinese company that provides information technology and services. The company has a market cap of 32.11B as of 2022, making it one of the largest companies in its sector. Its Return on Equity (ROE) is 7.36%, which is relatively high compared to other companies in the same industry. The company’s ROE is a measure of how efficiently the company uses its resources to generate profits, and its market cap is an indication of the company’s size and value to investors.
– Eastern Communications Co Ltd ($SHSE:600776)
Eastern Communications Co Ltd is a telecommunications company that provides cable television, internet, phone services, and other related products and services. The company has a market capitalization of 9.62 billion as of 2022, which indicates its size and scope in the industry. Eastern Communications also boasts a Return on Equity of 2.34%, indicating its financial strength and ability to generate profits for its shareholders. This indicates that the company is performing well and is a promising investment opportunity.
– Accton Technology Corp ($TWSE:2345)
Accton Technology Corp is a leader in the networking and communications industry, providing innovative solutions for the global marketplace. It has a market capitalization of 141.69 billion as of 2022, reflecting its size and market position. The company’s Return on Equity (ROE) of 34.76% indicates the ability to generate profits from every dollar of shareholder equity. This is an impressive figure that demonstrates Accton’s ability to effectively utilize its assets and resources. The company has continued to develop innovative products and services for customers around the world, helping to cement its place as a leader in the industry.
Summary
Hewlett Packard Enterprise (HPE) is an attractive investment opportunity for investors looking for a long-term growth company. HPE has a wide portfolio of enterprise products and services that are driving business growth across various industries. Recent financial results have been positive, with HPE posting strong revenue and earnings growth.
The State of North Carolina recently made a surprise move by increasing its stake in HPE, expressing confidence in the company’s future prospects. Analysts recommend HPE as a good mid- to long-term investment for those looking to gain exposure to the technology sector.
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