In Tuesday’s Wall Street session, Hewlett Packard Enterprise Co (NYSE:HPE) shares traded at $20.29, down -2.22% from the previous session.
HPE stock price is now -7.26% away from the 50-day moving average and -0.04% away from the 200-day moving average. The market capitalization of the company currently stands at $26.65B.
With the price target maintained at $25, Deutsche Bank recently Upgraded its rating from Hold to Buy for Hewlett Packard Enterprise Co (NYSE: HPE). On December 06, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $26, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Cox Jeremy, SVP, Controller & CTO sold 11,577 shares of the company’s stock on Jan 06 ’25. The stock was sold for $266,271 at an average price of $23.00. Upon completion of the transaction, the SVP, Controller & CTO now directly owns 48,615 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer Cox Jeremy bought 11,577 shares of the business’s stock. A total of $266,271 was incurred on buying the stock at an average price of $23.00. A total of 0.59% 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 $24.66. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.28, and a quick ratio of 0.98.
The net profit margin was 8.49% and return on equity was 11.21% for HPE. The company reported revenue of $8.46 billion for the quarter, compared to $7.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.06 percent.
