Hewlett Packard Enterprise Co. (HPE) Trading 3% Higher
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 3% on Thursday . The company traded as high as $22.32 and last traded at $22.12, with a volume of 12,894,452 shares traded. The stock had previously closed at $21.48.
A number of analysts have recently weighed in on the stock. Raymond James Financial Inc. assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, August 17th. They set a “market perform” rating and a $22.07 price target for the company. Jefferies Group reaffirmed a “buy” rating and set a $24.25 price target on shares of Hewlett Packard Enterprise in a report on Monday, August 15th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Friday, August 19th. Vetr raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price target for the company in a report on Thursday, August 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have issued 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 a consensus target price of $20.12.
The firm’s 50 day moving average is $21.16 and its 200-day moving average is $18.04. The company has a market capitalization of $36.82 billion and a PE ratio of 18.15.
In other news, EVP Robert Youngjohns sold 8,622 shares of the company’s 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 completion of the sale, the executive vice president now owns 18,033 shares of the company’s stock, valued at approximately $355,069.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeff T. Ricci sold 5,830 shares of the company’s 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 directly owns 5,830 shares of the company’s stock, valued at approximately $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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