The price of Hewlett Packard Enterprise Co (NYSE:HPE) shares last traded on Wall Street unchanged to $21.83.
HPE stock price is now 3.59% away from the 50-day moving average and 13.45% away from the 200-day moving average. The market capitalization of the company currently stands at $28.35B.
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With the price target maintained at $26, Citigroup recently Upgraded its rating from Neutral to Buy for Hewlett Packard Enterprise Co (NYSE: HPE). On December 05, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $23 to quote $28, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, SCHULTZ JOHN F, EVP, COLO sold 262,818 shares of the company’s stock on Dec 11 ’24. The stock was sold for $5,681,600 at an average price of $21.62. Upon completion of the transaction, the EVP, COLO now directly owns 270,430 shares in the company, valued at $5.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, EVP, GM, Hybrid Cloud & CTO RUSSO FIDELMA sold 55,398 shares of the business’s stock. A total of $1,203,245 was realized by selling the stock at an average price of $21.72. This leaves the insider owning 51,762 shares of the company worth $1.13 million. A total of 0.58% 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 $24.24. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.29, and a quick ratio of 0.99. According to the stock market information, the enterprise value for the company is $36950175744, which is based on a 11.46 price-to-earnings ratio, a 1.87 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for HPE is $21.0728 and a two-hundred day moving average price translates $19.24265 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 8.50% and return on equity was 11.21% 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.
