Hewlett Packard Enterprise Co (NYSE:HPE) shares traded 1.33% higher at $20.62 on Wall Street last session.
HPE stock price is now 11.04% away from the 50-day moving average and 14.92% away from the 200-day moving average. The market capitalization of the company currently stands at $26.78B.
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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, RUSSO FIDELMA, Officer bought 55,908 shares of the company’s stock on Oct 02 ’24. The stock was bought for $1,117,478 at an average price of $19.99. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’24, EVP, GM, Hybrid Cloud & CTO RUSSO FIDELMA sold 55,908 shares of the business’s stock. A total of $1,117,478 was realized by selling the stock at an average price of $19.99. A total of 0.49% 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 $35612549120, which is based on a 14.69 price-to-earnings ratio, a 3.49 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for HPE is $18.5928 and a two-hundred day moving average price translates $17.96175 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.
