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

Hewlett Packard Enterprise Company (NYSE:HPEGet Free Report) was the recipient of unusually large options trading on Wednesday. Investors acquired 43,370 call options on the company. This represents an increase of approximately 71% compared to the average volume of 25,292 call options.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HPE shares. Wall Street Zen raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price for the company. Zacks Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Friday, December 26th. Finally, Argus increased their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average target price of $26.50.

Check Out Our Latest Report on Hewlett Packard Enterprise

More Hewlett Packard Enterprise News

Here are the key news stories impacting Hewlett Packard Enterprise this week:

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $25.72 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $21.90 and a two-hundred day simple moving average of $23.03. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $26.44. The firm has a market cap of $34.13 billion, a price-to-earnings ratio of -135.38, a price-to-earnings-growth ratio of 0.61 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last issued its quarterly earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. Analysts anticipate that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.57 annualized dividend and a yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio is -300.00%.

Insider Activity

In other news, CEO Antonio F. Neri sold 26,457 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $24.49, for a total value of $647,931.93. Following the completion of the transaction, the chief executive officer directly owned 2,101,761 shares of the company’s stock, valued at $51,472,126.89. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several large investors have recently modified their holdings of HPE. TFC Financial Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2,694.4% in the 3rd quarter. TFC Financial Management Inc. now owns 1,006 shares of the technology company’s stock worth $25,000 after buying an additional 970 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its stake in Hewlett Packard Enterprise by 176.7% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,043 shares of the technology company’s stock valued at $26,000 after buying an additional 666 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $30,000. Headlands Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $26,000. Finally, Union Savings Bank purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

(Get Free Report)

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

Further Reading

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