Hewlett Packard Enterprise Co. (HPE) Reaches New 1-Year High at $21.92
Hewlett Packard Enterprise Co. (NYSE:HPE) shares reached a new 52-week high on Thursday . The company traded as high as $21.92 and last traded at $21.61, with a volume of 4,936,756 shares changing hands. The stock had previously closed at $21.51.
A number of research analysts have recently weighed in on HPE shares. Bank of America Corp. restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, June 8th. Wells Fargo & Co. restated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Monday, July 11th. BMO Capital Markets restated a “buy” rating and set a $23.00 price target (up previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, April 6th. Sanford C. Bernstein restated a “buy” rating on shares of Hewlett Packard Enterprise in a report on Thursday, May 26th. Finally, Brean Capital restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Monday, June 6th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.02.
The firm has a market cap of $36.16 billion and a price-to-earnings ratio of 17.82. The company has a 50 day moving average price of $19.41 and a 200 day moving average price of $16.80.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business earned $12.70 billion during the quarter, compared to the consensus estimate of $12.35 billion. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Hewlett Packard Enterprise Co. will post $1.87 EPS for the current year.
In other Hewlett Packard Enterprise news, EVP Robert Youngjohns sold 223,381 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $17.94, for a total transaction of $4,007,455.14. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeff T. Ricci sold 5,830 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $19.23, for a total transaction of $112,110.90. Following the transaction, 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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