Hewlett Packard Enterprise Co (NYSE:HPE) shares traded 1.97% higher at $17.06 on Wall Street last session.
HPE stock price is now 6.53% away from the 50-day moving average and 3.35% away from the 200-day moving average. The market capitalization of the company currently stands at $22.18B.
With the price target reduced from $21 to $17, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Hewlett Packard Enterprise Co (NYSE: HPE). On January 16, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $20 to quote $17, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Major Kristin K, EVP, Chief People Officer sold 24,722 shares of the company’s stock on Mar 06 ’24. The stock was sold for $469,965 at an average price of $19.01. Upon completion of the transaction, the EVP, Chief People Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, EVP, Pres & CEO Financial Serv Gold Gerri sold 13,399 shares of the business’s stock. A total of $241,285 was realized by selling the stock at an average price of $18.01. This leaves the insider owning 79,865 shares of the company worth $1.36 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Hewlett Packard Enterprise Co has had a low of $13.65 and a high of $20.07. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 0.89, and a quick ratio of 0.62. According to the stock market information, the enterprise value for the company is $30.79B, which is based on a 11.75 price-to-earnings ratio, a 4.35 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for HPE is $16.02 and a two-hundred day moving average price translates $16.52 for the stock.
The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for Jan, 2024. According to the Communication Equipment Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.45 by 0.03. This compares to $0.38 EPS in the same period last year. The net profit margin was 6.81% and return on equity was 9.23% for HPE. The company reported revenue of $6.75 billion for the quarter, compared to $7.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.5 percent. For the current quarter, analysts expect HPE to generate $6.83B in revenue.
Hewlett Packard Enterprise Co(HPE) Company Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE Synergy; HPE Alletra, HPE GreenLake, Zerto, HPE InfoSight, and HPE CloudPhysics storage products; HPE Cray EX, HPE Cray XD, and converged edge systems; and HPE Superdome Flex, HPE Nonstop, and HPE Integrity products. It also provides HPE Aruba products that includes hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba Networking software and services comprising cloud-based management, network management and access control, analytics and assurance, software-defined wide-area networking, network security, analytics and assurance, and location services software; and professional and support services, as well as as-a-service and consumption models. In addition, the company offers leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of various IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others; consultative-led services; HPE Ezmeral Container Platform; HPE Ezmeral Software Container Platform and HPE Ezmeral Software Data Fabric; OpsRamp; and Hewlett Packard Labs. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.
