Free Trial

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

Hewlett Packard Enterprise logo with Computer and Technology background

Key Points

  • Hewlett Packard Enterprise (NYSE:HPE) experienced a significant rise in call options trading, with 379,906 options purchased—an increase of 1,107% from the typical daily volume.
  • Analysts have recently adjusted their price targets for HPE, with Raymond James increasing it to $30.00 and Susquehanna to $21.00, reflecting a consensus rating of "Moderate Buy" for the stock.
  • The company declared a quarterly dividend of $0.13 per share, scheduled for payment on October 17th, representing an annualized yield of 2.1%.
  • Five stocks to consider instead of Hewlett Packard Enterprise.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) was the target of unusually large options trading on Wednesday. Investors bought 379,906 call options on the stock. This is an increase of 1,107% compared to the typical daily volume of 31,483 call options.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer directly owned 1,919,060 shares in the company, valued at $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 668,590 shares of company stock valued at $15,265,033 over the last quarter. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Hewlett Packard Enterprise by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company's stock worth $3,472,493,000 after buying an additional 2,604,059 shares during the period. Geode Capital Management LLC raised its stake in Hewlett Packard Enterprise by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company's stock worth $701,864,000 after buying an additional 724,974 shares during the period. Elliott Investment Management L.P. acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth $381,004,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Hewlett Packard Enterprise by 15.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock worth $271,333,000 after buying an additional 2,373,850 shares during the period. Finally, Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after buying an additional 545,775 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HPE shares. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Citigroup upped their price objective on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. KeyCorp assumed coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Raymond James Financial upped their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 4th. Finally, Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.81.

Get Our Latest Analysis on HPE

Hewlett Packard Enterprise Trading Down 1.0%

Shares of HPE stock traded down $0.25 during trading hours on Friday, reaching $24.99. The company had a trading volume of 32,894,671 shares, compared to its average volume of 22,789,748. The company has a 50 day moving average of $21.98 and a 200 day moving average of $18.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a market cap of $32.97 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 2.60 and a beta of 1.43. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $25.35.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio is 63.41%.

Hewlett Packard Enterprise Company Profile

(Get Free Report)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

See Also

Should You Invest $1,000 in Hewlett Packard Enterprise Right Now?

Before you consider Hewlett Packard Enterprise, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hewlett Packard Enterprise wasn't on the list.

While Hewlett Packard Enterprise currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for September 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.