Hewlett Packard Enterprise Co (NYSE:HPE) shares traded -2.15% lower at $20.47 on Wall Street last session.
HPE stock price is now 12.16% away from the 50-day moving average and 21.04% away from the 200-day moving average. The market capitalization of the company currently stands at $26.60B.
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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, Gold Gerri, EVP, Pres & CEO Financial Serv sold 22,784 shares of the company’s stock on Jun 14 ’24. The stock was sold for $493,816 at an average price of $21.67. Upon completion of the transaction, the EVP, Pres & CEO Financial Serv now directly owns 57,081 shares in the company, valued at $1.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, EVP, GM of Compute HPC AI MacDonald Neil B sold 36,671 shares of the business’s stock. A total of $752,011 was realized by selling the stock at an average price of $20.51. This leaves the insider owning 111,054 shares of the company worth $2.27 million. 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 $22.82. 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 $35910311936, which is based on a 14.92 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for HPE is $18.3014 and a two-hundred day moving average price translates $16.92515 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.
