The stock of Hewlett Packard Enterprise Co (NYSE:HPE) last traded at $20.46, up 1.59% from the previous session.
HPE stock price is now 10.13% away from the 50-day moving average and 14.49% away from the 200-day moving average. The market capitalization of the company currently stands at $26.57B.
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With the price target enhanced from $20 to $24, Barclays Upgraded its rating from Equal Weight to Overweight for Hewlett Packard Enterprise Co (NYSE: HPE). , while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Neri Antonio F, President and CEO sold 83,334 shares of the company’s stock on Sep 25 ’24. The stock was sold for $1,643,746 at an average price of $19.72. Upon completion of the transaction, the President and CEO now directly owns 1,758,641 shares in the company, valued at $35.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’24, President and CEO Neri Antonio F sold 166,666 shares of the business’s stock. A total of $3,086,254 was realized by selling the stock at an average price of $18.52. This leaves the insider owning 1,841,975 shares of the company worth $37.69 million. A total of 0.47% 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 $35404759040, which is based on a 14.58 price-to-earnings ratio, a 4.56 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for HPE is $18.577 and a two-hundred day moving average price translates $17.8904 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.
