Stocks of Hewlett Packard Enterprise Co (NYSE:HPE) traded higher last session on Wall Street, down -1.27% to $21.07.
HPE stock price is now 6.02% away from the 50-day moving average and 13.21% away from the 200-day moving average. The market capitalization of the company currently stands at $27.02B.
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With the price target of $22, Deutsche Bank recently initiated with Hold rating for Hewlett Packard Enterprise Co (NYSE: HPE). On September 25, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $20 to quote $24, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Neri Antonio F, President and CEO sold 250,000 shares of the company’s stock on Oct 14 ’24. The stock was sold for $5,181,625 at an average price of $20.73. Upon completion of the transaction, the President and CEO now directly owns 1,508,641 shares in the company, valued at $31.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, SVP, Controller & CTO Cox Jeremy sold 7,770 shares of the business’s stock. A total of $163,170 was realized by selling the stock at an average price of $21.00. This leaves the insider owning 7,771 shares of the company worth $0.16 million. A total of 0.44% 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 $36196950016, which is based on a 15.01 price-to-earnings ratio, a 4.36 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for HPE is $19.873 and a two-hundred day moving average price translates $18.61105 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.
