Hewlett Packard Enterprise Co. (HPE) Hits New 1-Year High at $19.90
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) reached a new 52-week high during trading on Tuesday . The company traded as high as $19.90 and last traded at $19.88, with a volume of 5,208,923 shares. The stock had previously closed at $19.34.
A number of analysts have commented on HPE shares. Vetr raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.10 target price for the company in a report on Monday, April 11th. BMO Capital Markets reissued a “buy” rating and issued a $23.00 target price (up previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, April 6th. Macquarie restated a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, March 24th. Credit Suisse Group AG restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, May 19th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Monday, May 23rd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.43.
The firm has a 50 day moving average of $18.65 and a 200 day moving average of $16.15. The company has a market cap of $32.40 billion and a P/E ratio of 15.97.
Hewlett Packard Enterprise (NYSE:HPE) last posted 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 earned $12.70 billion during the quarter, compared to analyst estimates of $12.35 billion. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Hewlett Packard Enterprise Co. will post $1.88 EPS for the current fiscal year.
In related news, EVP Robert Youngjohns sold 223,381 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $17.94, for a total value of $4,007,455.14. Following the completion of the sale, the executive vice president now owns 92,749 shares in the company, valued at approximately $1,663,917.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 5,830 shares of Hewlett Packard Enterprise 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 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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