Hewlett Packard Enterprise Co. (HPE) Shares Up 4.9%
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) shot up 4.9% on Friday . The stock traded as high as $21.90 and last traded at $21.30, with a volume of 18,229,277 shares traded. The stock had previously closed at $20.31.
Several brokerages have weighed in on HPE. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Vetr raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.10 price objective for the company in a report on Monday, April 4th. Citigroup Inc. raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $25.00 in a report on Monday. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “buy” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 19th. Finally, Needham & Company LLC raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, May 25th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.84.
The firm’s 50 day moving average price is $19.16 and its 200-day moving average price is $16.54. The firm has a market cap of $34.93 billion and a price-to-earnings ratio of 17.22.
Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, May 24th. The company reported $0.42 earnings per share (EPS) 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 firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise Co. will post $1.87 earnings per share for the current year.
In related news, SVP Kirt P. Karros sold 15,280 shares of Hewlett Packard Enterprise 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $112,110.90. Following the sale, the senior vice president now owns 5,830 shares in the company, valued at $112,110.90. 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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