Traders Buy Large Volume of Hewlett Packard Enterprise Put Options (NYSE:HPE)

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) was the recipient of unusually large options trading on Thursday. Investors bought 32,649 put options on the company. This represents an increase of 57% compared to the typical volume of 20,742 put options.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.83 during midday trading on Tuesday, reaching $12.50. 30,650,180 shares of the company were exchanged, compared to its average volume of 16,268,690. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $16.42 billion, a P/E ratio of 6.58, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The stock's 50-day moving average price is $18.43 and its 200-day moving average price is $20.33.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 4.16%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HPE shares. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Barclays decreased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Susquehanna lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.60.

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Institutional Investors Weigh In On Hewlett Packard Enterprise

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after purchasing an additional 681,242 shares during the period. Northern Trust Corp grew its position in shares of Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after buying an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $292,959,000. Boston Partners lifted its stake in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after acquiring an additional 2,058,562 shares during the period. Finally, Slate Path Capital LP lifted its stake in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after acquiring an additional 3,924,039 shares during the period. 80.78% of the stock is owned by institutional investors.

About Hewlett Packard Enterprise

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.