Stocks of Hewlett Packard Enterprise Co (NYSE:HPE) traded higher last session on Wall Street, up 0.47% to $17.23.
HPE stock price is now -9.33% away from the 50-day moving average and -2.87% away from the 200-day moving average. The market capitalization of the company currently stands at $22.38B.
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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, Officer bought 29,000 shares of the company’s stock on Sep 13 ’24. The stock was bought for $493,000 at an average price of $17.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, EVP, Pres & CEO Financial Serv Gold Gerri sold 22,784 shares of the business’s stock. A total of $493,816 was realized by selling the stock at an average price of $21.67. This leaves the insider owning 57,081 shares of the company worth $0.98 million. A total of 0.48% 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 0.53, a current ratio of 0.94, and a quick ratio of 0.61. According to the stock market information, the enterprise value for the company is $31210059776, which is based on a 12.28 price-to-earnings ratio, a 4.23 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for HPE is $18.9374 and a two-hundred day moving average price translates $17.748 for the stock.
The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for 2024-07-31. The net profit margin was 6.41% and return on equity was 8.69% for HPE. The company reported revenue of $7.71 billion for the quarter, compared to $7.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.11 percent.
