Hewlett Packard Enterprise Co. (HPE) Hits New 52-Week High at $20.49
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.49 and last traded at $20.30, with a volume of 3,764,294 shares trading hands. The stock had previously closed at $20.05.
HPE has been the topic of several research reports. Bank of America Corp. restated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 8th. Wells Fargo & Co. restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, July 11th. BMO Capital Markets restated a “buy” rating and issued a $23.00 target price (up from $20.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, April 6th. Sanford C. Bernstein restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, May 26th. Finally, Brean Capital restated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Monday, June 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.84.
The company has a market capitalization of $33.98 billion and a P/E ratio of 16.75. The firm’s 50 day moving average is $19.09 and its 200 day moving average is $16.49.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, May 24th. The company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $12.35 billion. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Hewlett Packard Enterprise Co. will post $1.87 earnings per share for the current fiscal year.
In related news, SVP Jeff T. Ricci sold 5,830 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 20th. The stock was sold at an average price of $19.23, for a total transaction of $112,110.90. Following the transaction, the senior vice president now directly owns 5,830 shares in the company, valued at $112,110.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Youngjohns sold 8,622 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $19.69, for a total value of $169,767.18. Following the transaction, the executive vice president now owns 18,033 shares in the company, valued at $355,069.77. 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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