Shares of Hewlett Packard Enterprise (HPE) opened higher on Thursday at $22.66, compared to the previous close at $21.84. The stock was trading at $22.32 with a volume of 2,345,573 shares. Analysts at Morgan Stanley, Stifel Nicolaus, Susquehanna, Argus, and Wells Fargo have provided varying ratings and price targets for HPE. The company’s market capitalization is $27.19 billion, with a PE ratio of 15.27 and a beta of 1.18.
HPE reported earnings of $0.42 per share for the quarter, surpassing analysts’ estimates. The company also announced a quarterly dividend of $0.13 per share to be paid on July 18th. Executive transactions include shares being sold by Neil B. Macdonald and Gary Reiner. Hedge funds like Raymond James & Associates and Mackenzie Financial Corp have increased their positions in HPE, while other investors have made changes in their holdings.
Hewlett Packard Enterprise operates in six segments including Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments. The company offers solutions for data capture, analysis, and action across various regions globally. Analysts have provided an average rating of “Hold” for the stock, with a consensus price target of $20.85. As of now, HPE is expected to post earnings of 1.59 per share for the current year.
In conclusion, Hewlett Packard Enterprise has seen positive stock performance, strong analyst ratings, and internal transactions that may influence investor decisions. The company’s dividend payout ratio is at 37.96%. Institutional investors and hedge funds hold a significant portion of HPE’s shares. The company’s ability to deliver on its solutions and meet market expectations will be closely watched by investors in the coming months.
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