The stock of Hewlett Packard Enterprise Co (NYSE:HPE) last traded at $21.66, up 0.28% from the previous session.
HPE stock price is now 20.49% away from the 50-day moving average and 28.68% away from the 200-day moving average. The market capitalization of the company currently stands at $28.15B.
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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, MacDonald Neil B, EVP, GM of Compute HPC AI sold 36,671 shares of the company’s stock on Jun 11 ’24. The stock was sold for $752,011 at an average price of $20.51. Upon completion of the transaction, the EVP, GM of Compute HPC AI now directly owns 111,054 shares in the company, valued at $2.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, SVP, Treasurer and FP&A Karros Kirt P sold 30,686 shares of the business’s stock. A total of $628,870 was realized by selling the stock at an average price of $20.49. A total of 0.41% 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 $21.90. 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 $37456924672, which is based on a 15.79 price-to-earnings ratio, a 4.27 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for HPE is $18.0492 and a two-hundred day moving average price translates $16.85425 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.
