Hewlett Packard Enterprise Target of Unusually High Options Trading (NYSE:HPE)

Hewlett Packard Enterprise Co (NYSE:HPE) was the recipient of unusually large options trading activity on Monday. Traders bought 5,373 put options on the stock. This is an increase of approximately 1,048% compared to the average volume of 468 put options.

NYSE:HPE opened at $15.97 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $20.04 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. The firm’s 50 day moving average is $14.69 and its 200 day moving average is $14.67. Hewlett Packard Enterprise has a 12 month low of $12.09 and a 12 month high of $16.97.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The business had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Research analysts predict that Hewlett Packard Enterprise will post 1.74 earnings per share for the current year.

Several research firms have commented on HPE. Daiwa Capital Markets set a $14.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Thursday, August 29th. Loop Capital lowered their price target on shares of Hewlett Packard Enterprise to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Nomura lowered their price target on shares of Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. Bank of America raised shares of Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday. Finally, Argus raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, August 29th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $15.94.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,436 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total transaction of $237,171.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Antonio F. Neri sold 49,635 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the transaction, the chief executive officer now directly owns 29,602 shares in the company, valued at approximately $449,654.38. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. John G Ullman & Associates Inc. raised its holdings in Hewlett Packard Enterprise by 8.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 32,100 shares of the technology company’s stock valued at $487,000 after acquiring an additional 2,500 shares during the period. Excalibur Management Corp bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $232,000. Strs Ohio raised its holdings in Hewlett Packard Enterprise by 6.6% during the 3rd quarter. Strs Ohio now owns 116,125 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 7,188 shares during the period. Stephens Inc. AR raised its holdings in Hewlett Packard Enterprise by 8.9% during the 3rd quarter. Stephens Inc. AR now owns 13,793 shares of the technology company’s stock valued at $209,000 after acquiring an additional 1,128 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Hewlett Packard Enterprise by 49.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,166,088 shares of the technology company’s stock valued at $63,200,000 after acquiring an additional 1,376,951 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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