Hewlett Packard Enterprise Sees Unusually Large Options Volume (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE) saw unusually large options trading activity on Tuesday. Investors bought 32,344 call options on the stock. This is an increase of approximately 50% compared to the typical volume of 21,583 call options.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $25,000. Bruce G. Allen Investments LLC boosted its holdings in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after buying an additional 1,318 shares during the period. Hara Capital LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $31,000. Finally, Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $32,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded up $0.64 during trading hours on Tuesday, reaching $14.92. 32,161,490 shares of the company were exchanged, compared to its average volume of 16,591,145. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $19.60 billion, a P/E ratio of 7.85, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The business’s 50 day simple moving average is $17.39 and its 200-day simple moving average is $20.04.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.49%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HPE shares. Susquehanna cut their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company cut their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.60.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.