Time to Buy Hewlett Packard Enterprise Co After Today’s Option Traders Bet?

 Time to Buy Hewlett Packard Enterprise Co After Today's Option Traders Bet?

In today’s session Hewlett Packard Enterprise Co (HPE) registered an unusually high (314) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious HPE increase. With 314 contracts traded and 4914 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: HPE170519C00025000 closed last at: $1.25 or 0% . About 2.09 million shares traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 35.63% since April 14, 2016 and is uptrending. It has outperformed by 30.94% 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. Hewlett Packard Enterprise has been the topic of 26 analyst reports since November 3, 2015 according to StockzIntelligence Inc. Mizuho maintained the stock with “Neutral” rating in Wednesday, May 25 report. The firm has “Buy” rating by Deutsche Bank given on Thursday, June 9. Argus Research initiated it with “Buy” rating and $19.0 target price in Thursday, December 3 report. As per Wednesday, November 11, the company rating was initiated by Morgan Stanley. The stock has “Neutral” rating given by JP Morgan on Wednesday, November 4. Credit Suisse upgraded it to “Outperform” rating and $21 target price in Monday, December 14 report. The rating was initiated by UBS on Wednesday, November 4 with “Buy”. Bernstein initiated Hewlett Packard Enterprise Co (NYSE:HPE) rating on Tuesday, November 3. Bernstein has “Market Perform” rating and $16 price target. The rating was maintained by RBC Capital Markets on Monday, November 23 with “Sector Perform”. As per Monday, November 9, the company rating was initiated by Citigroup.

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 $39.16 billion. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. It has a 9.49 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: “3 Reasons Hewlett-Packard Enterprise Co. Stock Is Still Cheap” on November 04, 2016, also Investorplace.com with their article: “Hewlett Packard Enterprise Co (HPE) Stock Is a Long-Term Survivor” published on November 10, 2016, Fool.com published: “Better Buy: Hewlett Packard Enterprise Co. vs. Cisco Systems Inc.” on October 25, 2016. More interesting news about Hewlett Packard Enterprise Co (NYSE:HPE) were released by: Fool.com and their article: “4 Reasons to Buy Hewlett Packard Enterprise Stock Now” published on November 14, 2016 as well as Fool.com‘s news article titled: “What Should Hewlett Packard Enterprise Co Do With Its Growing Cash Hoard?” with publication date: October 17, 2016.

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