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

Hewlett Packard Enterprise Company (NYSE:HPE) saw unusually large options trading activity on Thursday. Traders acquired 59,779 call options on the stock. Thisrepresentsanincreaseof170% compared to the average volume of 22,103 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HPE. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, June 9th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. Bank of America increased their price target on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 11th. UBS Group increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Finally, Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.27.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 295,256 shares of company stock worth $6,189,318. Insiders own 0.36% of the company’s stock.

Institutional Trading of Hewlett Packard Enterprise

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HPE. Price T Rowe Associates Inc. MD lifted its stake in Hewlett Packard Enterprise by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,846,366 shares of the technology company’s stock worth $39,421,000 after acquiring an additional 17,355 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Hewlett Packard Enterprise by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 32,028 shares of the technology company’s stock worth $684,000 after acquiring an additional 976 shares during the period. Coldstream Capital Management Inc. lifted its stake in Hewlett Packard Enterprise by 5.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 24,073 shares of the technology company’s stock worth $514,000 after acquiring an additional 1,275 shares during the period. Aquatic Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $671,000. Finally, Beacon Pointe Advisors LLC lifted its stake in Hewlett Packard Enterprise by 14.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 271,671 shares of the technology company’s stock worth $5,800,000 after acquiring an additional 33,278 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $23.18 on Friday. The firm has a market cap of $30.41 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 3.31 and a beta of 1.37. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The business has a 50 day moving average price of $20.69 and a 200-day moving average price of $18.34.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.780-1.900 EPS. Q3 2025 guidance at 0.400-0.450 EPS. Equities research analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 52.53%.

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.