Traders Sell Hewlett Packard Enterprise Co. (HPE) on Strength (HPE)
Traders sold shares of Hewlett Packard Enterprise Co. (NYSE:HPE) on strength during trading hours on Monday. $22.18 million flowed into the stock on the tick-up and $65.88 million flowed out of the stock on the tick-down, for a money net flow of $43.70 million out of the stock. Of all stocks tracked, Hewlett Packard Enterprise had the 0th highest net out-flow for the day. Hewlett Packard Enterprise traded up $0.16 for the day and closed at $20.21
A number of research firms recently commented on HPE. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 8th. Vetr upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.10 price objective for the company in a research report on Monday, April 4th. Citigroup Inc. upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock 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 reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, May 19th. Finally, Needham & Company LLC upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.84.
The firm has a market cap of $33.58 billion and a P/E ratio of 16.55. The stock has a 50 day moving average of $19.05 and a 200-day moving average of $16.44.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, May 24th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company earned $12.70 billion during the quarter, compared to the consensus estimate of $12.35 billion. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise Co. will post $1.88 earnings per share for the current fiscal year.
In related news, SVP Jeff T. Ricci sold 5,830 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $19.23, for a total value of $112,110.90. Following the completion of the sale, the senior vice president now directly owns 5,830 shares in the company, valued at $112,110.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kirt P. Karros sold 15,280 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $17.41, for a total value 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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