Stock Traders Buy Large Volume of Call Options on Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) was the recipient of some unusual options trading on Monday. Investors purchased 168,186 call options on the company. This represents an increase of approximately 302% compared to the average daily volume of 41,874 call options.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 24,251 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $27.01, for a total value of $655,019.51. Following the completion of the sale, the executive vice president owned 32,243 shares in the company, valued at approximately $870,883.43. The trade was a 42.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the transaction, the director directly owned 8,018 shares of the company’s stock, valued at $233,323.80. This trade represents a 44.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 702,402 shares of company stock valued at $18,440,171 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of large investors have recently made changes to their positions in the stock. Investment Research Partners LLC grew its holdings in shares of Hewlett Packard Enterprise by 2.0% during the fourth quarter. Investment Research Partners LLC now owns 21,925 shares of the technology company’s stock valued at $527,000 after buying an additional 423 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Hewlett Packard Enterprise by 4.5% during the first quarter. D.A. Davidson & CO. now owns 9,998 shares of the technology company’s stock valued at $238,000 after buying an additional 429 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Hewlett Packard Enterprise by 1.0% during the third quarter. Bleakley Financial Group LLC now owns 42,532 shares of the technology company’s stock valued at $1,045,000 after buying an additional 439 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2.4% during the first quarter. Compound Planning Inc. now owns 18,951 shares of the technology company’s stock valued at $451,000 after buying an additional 446 shares during the last quarter. Finally, Essential Partners LLC grew its holdings in shares of Hewlett Packard Enterprise by 1.6% during the first quarter. Essential Partners LLC now owns 28,100 shares of the technology company’s stock valued at $669,000 after buying an additional 447 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $48.84 on Tuesday. The business’s fifty day simple moving average is $34.51 and its 200-day simple moving average is $26.82. The company has a market cap of $64.67 billion, a PE ratio of 45.64, a PEG ratio of 0.52 and a beta of 1.42. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a 12-month low of $17.49 and a 12-month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.82) earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Analysts expect that Hewlett Packard Enterprise will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.1425 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is 53.27%.

Analyst Ratings Changes

HPE has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein boosted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 2nd. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Citigroup boosted their price objective on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $64.65.

About Hewlett Packard Enterprise

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.