The price of Hewlett Packard Enterprise Co (NYSE:HPE) shares last traded on Wall Street fell -0.17% to $17.86.
HPE stock price is now 2.67% away from the 50-day moving average and 7.28% away from the 200-day moving average. The market capitalization of the company currently stands at $23.22B.
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With the price target reduced from $21 to $17, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Hewlett Packard Enterprise Co (NYSE: HPE). On January 16, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $20 to quote $17, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Cox Jeremy, SVP, Controller & CTO sold 18,323 shares of the company’s stock on Apr 24 ’24. The stock was sold for $310,850 at an average price of $16.96. Upon completion of the transaction, the SVP, Controller & CTO now directly owns 15,541 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, EVP, Chief People Officer Major Kristin K sold 24,722 shares of the business’s stock. A total of $469,965 was realized by selling the stock at an average price of $19.01. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Hewlett Packard Enterprise Co has had a low of $13.79 and a high of $20.07. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 0.89, and a quick ratio of 0.62.
The net profit margin was 6.81% and return on equity was 9.23% for HPE. The company reported revenue of $6.75 billion for the quarter, compared to $7.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.5 percent.
