Hewlett Packard Enterprise Co. (HPE) Hits New 12-Month High at $20.49
Hewlett Packard Enterprise Co. (NYSE:HPE) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.49 and last traded at $20.30, with a volume of 3,764,294 shares changing hands. The stock had previously closed at $20.05.
A number of research firms recently issued reports on HPE. Oppenheimer Holdings Inc. restated a “buy” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 8th. Vetr upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.10 target price for the company in a research report on Monday, April 4th. Citigroup Inc. upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $25.00 in a research report on Monday. They noted that the move was a valuation call. Credit Suisse Group AG restated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, May 19th. Finally, Needham & Company LLC upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.84.
The company has a market capitalization of $33.66 billion and a price-to-earnings ratio of 16.589. The company has a 50 day moving average price of $19.00 and a 200-day moving average price of $16.37.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, May 24th. The company reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.35 billion. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that Hewlett Packard Enterprise Co. will post $1.88 EPS for the current fiscal year.
In related news, SVP Jeff T. Ricci sold 5,830 shares of the stock in a transaction on Monday, June 20th. The shares were sold at an average price of $19.23, for a total transaction of $112,110.90. Following the completion of the sale, the senior vice president now owns 5,830 shares in the company, valued at approximately $112,110.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kirt P. Karros sold 15,280 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $17.41, for a total transaction of $266,024.80. The disclosure for this sale can be found here.
Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions, which enables the customers to build cloud-enabled, mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services, software and financial services businesses.
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