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

Hewlett Packard Enterprise Company (NYSE:HPE) was the target of unusually large options trading on Friday. Stock investors purchased 46,389 put options on the company. This is an increase of approximately 116% compared to the average daily volume of 21,432 put options.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 34,001 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.08, for a total value of $852,745.08. Following the completion of the transaction, the executive vice president owned 17,001 shares of the company’s stock, valued at $426,385.08. This represents a 66.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 264,432 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $25.18, for a total value of $6,658,397.76. Following the completion of the transaction, the chief executive officer directly owned 1,837,329 shares of the company’s stock, valued at approximately $46,263,944.22. The trade was a 12.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 602,337 shares of company stock valued at $15,443,119 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently made changes to their positions in the business. IFM Investors Pty Ltd boosted its position in shares of Hewlett Packard Enterprise by 5.2% during the 1st quarter. IFM Investors Pty Ltd now owns 364,994 shares of the technology company’s stock valued at $8,691,000 after purchasing an additional 18,044 shares in the last quarter. Impact Partnership Wealth LLC boosted its holdings in Hewlett Packard Enterprise by 87.7% in the first quarter. Impact Partnership Wealth LLC now owns 30,658 shares of the technology company’s stock worth $730,000 after acquiring an additional 14,325 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Hewlett Packard Enterprise by 92.0% in the first quarter. Apollon Wealth Management LLC now owns 72,407 shares of the technology company’s stock worth $1,724,000 after acquiring an additional 34,699 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Hewlett Packard Enterprise in the first quarter worth approximately $1,612,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.8%

Shares of Hewlett Packard Enterprise stock traded up $0.23 on Friday, hitting $28.16. 4,589,747 shares of the company’s stock traded hands, compared to its average volume of 17,738,752. Hewlett Packard Enterprise has a one year low of $15.71 and a one year high of $29.63. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.75. The company has a fifty day moving average of $23.25 and a two-hundred day moving average of $23.16. The company has a market capitalization of $37.36 billion, a price-to-earnings ratio of -148.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Monday, March 9th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.96 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were given a dividend of $0.1425 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 annualized dividend and a dividend yield of 2.0%. Hewlett Packard Enterprise’s dividend payout ratio is presently -300.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPE. Raymond James Financial reaffirmed an “outperform” rating and issued a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Citigroup upped their target price on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Bank of America upped their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Wall Street Zen upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.71.

Hewlett Packard Enterprise Company Profile

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.