In Monday’s Wall Street session, Hewlett Packard Enterprise Co (NYSE:HPE) shares traded at $15.84, up 1.41% from the previous session.
HPE stock price is now -23.40% away from the 50-day moving average and -21.84% away from the 200-day moving average. The market capitalization of the company currently stands at $20.81B.
With the price target maintained at $16, Daiwa Securities recently Downgraded its rating from Outperform to Neutral for Hewlett Packard Enterprise Co (NYSE: HPE). On December 19, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $25, while ‘Citigroup’ rates the stock as ‘Buy’
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 $0.77 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 $14.64 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. According to the stock market information, the enterprise value for the company is $26133080064, which is based on a 7.84 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for HPE is $20.6802 and a two-hundred day moving average price translates $20.26575 for the stock.
The latest earnings results from Hewlett Packard Enterprise Co (NYSE: HPE) was released for 2025-01-31. 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.
