In yesterday’s Wall Street session, Hewlett Packard Enterprise Co (NYSE:HPE) shares traded at $20.59, up 2.80% from the previous session.
HPE stock price is now 16.61% away from the 50-day moving average and 23.11% away from the 200-day moving average. The market capitalization of the company currently stands at $26.76B.
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On March 01, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $21 to quote $17, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, REINER GARY M, Director sold 50,000 shares of the company’s stock on Jun 06 ’24. The stock was sold for $975,500 at an average price of $19.51. Upon completion of the transaction, the Director now directly owns 150,948 shares in the company, valued at $3.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24 ’24, SVP, Controller & CTO Cox Jeremy sold 18,323 shares of the business’s stock. A total of $310,850 was realized by selling the stock at an average price of $16.96. This leaves the insider owning 15,541 shares of the company worth $0.32 million. A total of 0.42% of the company’s stock is owned by insiders.
During the past 12 months, Hewlett Packard Enterprise Co has had a low of $14.47 and a high of $20.43. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 0.90, and a quick ratio of 0.59. According to the stock market information, the enterprise value for the company is $35338457088, which is based on a 15.01 price-to-earnings ratio, a 4.06 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for HPE is $17.7148 and a two-hundred day moving average price translates $16.74335 for the stock.
The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for 2024-04-30. The net profit margin was 6.39% and return on equity was 8.60% for HPE. The company reported revenue of $7.2 billion for the quarter, compared to $6.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.31 percent.
