Stock Traders Buy High Volume of Put Options on Hewlett Packard Enterprise (NYSE:HPE)

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Hewlett Packard Enterprise Co (NYSE:HPE) saw some unusual options trading on Monday. Stock traders acquired 5,373 put options on the stock. This represents an increase of 1,048% compared to the typical daily volume of 468 put options.

NYSE HPE opened at $15.95 on Wednesday. The firm has a market cap of $20.85 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.88 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $14.73 and its 200 day simple moving average is $14.67. Hewlett Packard Enterprise has a one year low of $12.09 and a one year high of $16.97.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, August 27th. The technology company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. The firm had revenue of $7.22 billion for the quarter, compared to analyst estimates of $7.29 billion. Hewlett Packard Enterprise had a positive return on equity of 12.92% and a negative net margin of 0.63%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. As a group, equities analysts expect that Hewlett Packard Enterprise will post 1.74 earnings per share for the current year.

In other news, insider Philip Davis sold 16,436 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total value of $237,171.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 49,635 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.19, for a total value of $753,955.65. Following the completion of the sale, the chief executive officer now owns 29,602 shares in the company, valued at $449,654.38. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Hewlett Packard Enterprise by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 111,920,044 shares of the technology company’s stock valued at $1,673,205,000 after buying an additional 2,145,947 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Hewlett Packard Enterprise by 7.7% in the 2nd quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after purchasing an additional 7,054,145 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Hewlett Packard Enterprise by 14.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,357,266 shares of the technology company’s stock valued at $214,641,000 after purchasing an additional 1,843,800 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hewlett Packard Enterprise by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,998,795 shares of the technology company’s stock valued at $194,333,000 after purchasing an additional 261,286 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Hewlett Packard Enterprise by 24.7% in the 2nd quarter. Invesco Ltd. now owns 12,041,146 shares of the technology company’s stock valued at $180,014,000 after purchasing an additional 2,383,889 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Several research firms have recently weighed in on HPE. Daiwa Capital Markets set a $14.00 price objective on Hewlett Packard Enterprise and gave the company a “hold” rating in a research note on Thursday, August 29th. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, October 16th. UBS Group set a $15.00 price target on Hewlett Packard Enterprise and gave the stock a “sell” rating in a research report on Monday, September 30th. Nomura decreased their price target on Hewlett Packard Enterprise from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Finally, TheStreet lowered Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average price target of $15.94.

About Hewlett Packard Enterprise

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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