Hewlett Packard Enterprise Co. (HPE) Stock Price Up 3%
Hewlett Packard Enterprise Co. (NYSE:HPE) rose 3% during mid-day trading on Thursday . The stock traded as high as $22.32 and last traded at $22.12, with a volume of 12,894,452 shares. The stock had previously closed at $21.48.
HPE has been the topic of several research analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. Credit Suisse Group AG lifted their price objective on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Vetr upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating and set a $25.52 price objective on the stock in a report on Thursday, August 18th. BMO Capital Markets reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Sunday, July 10th. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Friday, August 19th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.12.
The company has a market cap of $36.91 billion and a price-to-earnings ratio of 18.19. The firm has a 50 day moving average price of $21.25 and a 200-day moving average price of $18.09.
In other news, EVP Robert Youngjohns sold 34,711 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $18.46, for a total value of $640,765.06. Following the sale, the executive vice president now directly owns 34,711 shares in the company, valued at $640,765.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 5,830 shares of the stock in a transaction that occurred 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 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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