Hewlett Packard Enterprise Co. (HPE) Reaches New 12-Month High at $21.92
Hewlett Packard Enterprise Co. (NYSE:HPE) hit a new 52-week high on Thursday . The stock traded as high as $21.92 and last traded at $21.61, with a volume of 4,936,756 shares traded. The stock had previously closed at $21.51.
Several equities research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday. Credit Suisse Group AG boosted their price target on shares of Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Citigroup Inc. upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $25.00 in a research report on Monday, July 25th. They noted that the move was a valuation call. Finally, Vetr cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating and set a $18.86 price target on the stock. in a research report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.02.
The stock’s 50-day moving average is $19.58 and its 200-day moving average is $16.88. The company has a market cap of $36.41 billion and a PE ratio of 17.94.
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, hitting analysts’ consensus estimates of $0.42. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $12.35 billion. Hewlett Packard Enterprise’s revenue for the quarter was up 1.3% on a year-over-year basis. 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 Hewlett Packard Enterprise stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $17.94, for a total value of $4,007,455.14. Following the completion of the transaction, the executive vice president now directly owns 92,749 shares of the company’s stock, valued at approximately $1,663,917.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeff T. Ricci sold 5,830 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $19.23, for a total value of $112,110.90. Following the completion of the transaction, the senior vice president now directly owns 5,830 shares of the company’s stock, 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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