Stocks of Hewlett Packard Enterprise Co (NYSE:HPE) traded higher last session on Wall Street, down -4.62% to $15.08.
HPE stock price is now -29.25% away from the 50-day moving average and -25.85% away from the 200-day moving average. The market capitalization of the company currently stands at $19.81B.
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 $0.73 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 0.58% of the company’s stock is owned by insiders.
During the past 12 months, Hewlett Packard Enterprise Co has had a low of $14.93 and a high of $24.66. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 1.32, and a quick ratio of 0.98.
The net profit margin was 8.88% and return on equity was 12.09% for HPE. The company reported revenue of $7.85 billion for the quarter, compared to $6.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.27 percent. For the current quarter, analysts expect HPE to generate $7.56B in revenue.
