In yesterday’s Wall Street session, Hewlett Packard Enterprise Co (NYSE:HPE) shares traded at $21.82, up 1.63% from the previous session.
HPE stock price is now 2.42% away from the 50-day moving average and 11.88% away from the 200-day moving average. The market capitalization of the company currently stands at $29.17B.
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, RUSSO FIDELMA, EVP, GM, Hybrid Cloud & CTO sold 51,762 shares of the company’s stock on Dec 12 ’24. The stock was sold for $1,131,284 at an average price of $21.86. Upon completion of the transaction, the EVP, GM, Hybrid Cloud & CTO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, EVP, Chief People Officer Major Kristin K sold 7,116 shares of the business’s stock. A total of $154,986 was realized by selling the stock at an average price of $21.78. A total of 0.54% 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 0.80, a current ratio of 1.28, and a quick ratio of 0.98. According to the stock market information, the enterprise value for the company is $36950175744, which is based on a 11.54 price-to-earnings ratio, a 1.88 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for HPE is $21.304 and a two-hundred day moving average price translates $19.503 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 8.49% 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.
