Hewlett Packard Enterprise Co. (HPE) Trading Up 4.9%
Hewlett Packard Enterprise Co. (NYSE:HPE) was up 4.9% during mid-day trading 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 equities research analysts have recently issued reports on HPE shares. Bank of America Corp. reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, June 8th. Wells Fargo & Co. reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, July 11th. BMO Capital Markets reissued a “buy” rating and set 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 reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, May 26th. Finally, Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Monday, June 6th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.84.
The firm has a market capitalization of $34.93 billion and a P/E ratio of 17.22. The company’s 50 day moving average price is $19.20 and its 200-day moving average price is $16.60.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, May 24th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The business earned $12.70 billion during the quarter, compared to analyst estimates of $12.35 billion. The business’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise Co. will post $1.87 earnings per share for the current year.
In other news, EVP Robert Youngjohns sold 34,711 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $18.46, for a total transaction of $640,765.06. Following the transaction, the executive vice president now directly owns 34,711 shares in the company, valued at $640,765.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kirt P. Karros sold 15,280 shares of the business’s stock in a transaction dated 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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