A Reversal for Hewlett Packard Enterprise Co Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Hewlett Packard Enterprise Co Is Not Near. Professional Options Traders Are Bullish

In today’s session Hewlett Packard Enterprise Co (HPE) registered an unusually high (2,224) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious HPE increase. With 2,224 contracts traded and 41444 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: HPE161118C00023000 closed last at: $0.2 or 33.3% down. About 1.90 million shares traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 19.67% since April 1, 2016 and is uptrending. It has outperformed by 18.46% the S&P500.

Hewlett Packard Enterprise Co (NYSE:HPE) Ratings Coverage

Out of 23 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 8 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 35% are positive. $26 is the highest target while $13 is the lowest. The $18.04 average target is -18.59% below today’s ($22.16) stock price. Hewlett Packard Enterprise has been the topic of 26 analyst reports since November 3, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, December 11 by BMO Capital Markets. The rating was initiated by Susquehanna on Tuesday, December 8 with “Negative”. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has “Neutral” rating given on Monday, February 22 by Macquarie Research. The stock has “Outperform” rating given by Credit Suisse on Monday, December 14. Needham maintained Hewlett Packard Enterprise Co (NYSE:HPE) rating on Wednesday, October 19. Needham has “Buy” rating and $26 price target. Robert W. Baird initiated Hewlett Packard Enterprise Co (NYSE:HPE) rating on Friday, November 20. Robert W. Baird has “Neutral” rating and $15 price target. The firm has “Underweight” rating given on Wednesday, November 4 by Barclays Capital. The firm earned “Buy” rating on Wednesday, November 4 by UBS. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has “Neutral” rating given on Monday, November 9 by Citigroup. The firm earned “Neutral” rating on Wednesday, November 4 by JP Morgan.

According to Zacks Investment Research, “Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. The Enterprise Group is the company’s largest revenue contributor, accounting for more than half of total revenues. This segment offers servers, management software, converged infrastructure solutions and technology services; hybrid cloud solutions, business critical systems and storage products. The Software segment offers software to capture, store, explore, analyze, protect and share information and insights within and outside organizations; enterprise security, application delivery management, IT operations management software products. The Enterprise Services segment offers consulting, outsourcing and support services across infrastructure, applications and business process domains; application and business services. The company is headquartered in Palo Alto, California.”

Hewlett Packard Enterprise Company is a well-known provider of technology solutions. The company has a market cap of $36.26 billion. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. It has a 8.96 P/E ratio. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology .

HPE Company Profile

Hewlett Packard Enterprise Company, incorporated on February 25, 2015, is a well-known provider of technology solutions. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology (IT). The Software segment allows its clients to automate IT activities to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services segment brings all of its solutions together through its consulting and support professionals. The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others. The Company’s clients range from small and medium-sized businesses (SMBs) to large global enterprises.

More notable recent Hewlett Packard Enterprise Co (NYSE:HPE) news were published by: Fool.com which released: “Better Buy: Hewlett Packard Enterprise Co. vs. Cisco Systems Inc.” on October 25, 2016, also Fool.com with their article: “What Should Hewlett Packard Enterprise Co Do With Its Growing Cash Hoard?” published on October 17, 2016, Fool.com published: “3 Reasons Hewlett Packard Enterprise Co Stock Could Rise” on October 10, 2016. More interesting news about Hewlett Packard Enterprise Co (NYSE:HPE) were released by: Forbes.com and their article: “Hewlett Packard Enterprise Reaches Analyst Target Price” published on October 20, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Campbell Soup, Interdigital and Hewlett Packard Enterprise” with publication date: October 05, 2016.

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