Stock Traders Purchase High Volume of Hewlett Packard Enterprise Call Options (HPE)
Hewlett Packard Enterprise Company (NYSE:HPE) was the target of some unusual options trading on Tuesday. Traders purchased 27,078 call options on the stock. This represents an increase of approximately 500% compared to the average volume of 4,514 call options.
In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 389,668 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.64, for a total value of $6,873,743.52. Following the transaction, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $16,977,318.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $14,454,500.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,963,677 shares of company stock worth $34,198,508. 0.87% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $2,193,000. Parallel Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock worth $197,000 after purchasing an additional 1,095 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after purchasing an additional 95,915,907 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Hewlett Packard Enterprise by 11.8% in the second quarter. Alpha Windward LLC now owns 20,667 shares of the technology company’s stock worth $343,000 after purchasing an additional 2,188 shares during the last quarter. Finally, IBM Retirement Fund raised its stake in shares of Hewlett Packard Enterprise by 110.6% in the second quarter. IBM Retirement Fund now owns 40,569 shares of the technology company’s stock worth $752,000 after purchasing an additional 21,307 shares during the last quarter. 80.21% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on HPE shares. Credit Suisse Group reissued a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Barclays PLC reissued an “underweight” rating and issued a $17.00 target price (down previously from $18.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price (up previously from $17.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.27.
Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.25 on Friday. The company has a 50-day moving average price of $13.70 and a 200-day moving average price of $13.69. The firm has a market cap of $21.76 billion, a price-to-earnings ratio of 10.05 and a beta of 2.72. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 8.92% and a net margin of 0.29%. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts forecast that Hewlett Packard Enterprise will post $1.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 371.48%.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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