Some Traders See Unusual Bearish Options Activity in Hewlett Packard Enterprise Co

 Some Traders See Unusual Bearish Options Activity in Hewlett Packard Enterprise Co

In today’s session Hewlett Packard Enterprise Co (HPE) recorded an unusually high (540) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious HPE decrease. With 540 contracts traded and 7044 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: HPE170217P00023000 closed last at: $1.05 or 27.6% down. About 9.51 million shares traded hands. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 34.92% since April 25, 2016 and is uptrending. It has outperformed by 28.91% the S&P500.

Hewlett Packard Enterprise Co (NYSE:HPE) Ratings Coverage

Out of 23 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 9 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 39% are positive. Hewlett Packard Enterprise has been the topic of 27 analyst reports since November 3, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, November 6 by Deutsche Bank. The stock has “Outperform” rating given by Raymond James on Friday, November 18. The rating was initiated by Macquarie Research on Monday, February 22 with “Neutral”. The firm earned “Outperform” rating on Tuesday, November 3 by Wells Fargo. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) has “Buy” rating given on Wednesday, October 19 by Needham. The stock of Hewlett Packard Enterprise Co (NYSE:HPE) earned “Neutral” rating by Mizuho on Wednesday, May 25. The company was initiated on Wednesday, November 4 by UBS. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, November 23 report. The firm earned “Mkt Perform” rating on Wednesday, November 18 by Raymond James. As per Friday, December 11, the company rating was initiated by BMO Capital Markets.

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 $38.13 billion. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. It has a 12.66 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 important recent Hewlett Packard Enterprise Co (NYSE:HPE) news were published by: Wsj.com which released: “Hewlett Packard Enterprise Profit Sinks” on November 22, 2016, also Fool.com published article titled: “3 Reasons Hewlett-Packard Enterprise Co. Stock Is Still Cheap”, Investorplace.com published: “Hewlett Packard Enterprise Co (HPE) Stock Is a Long-Term Survivor” on November 10, 2016. More interesting news about Hewlett Packard Enterprise Co (NYSE:HPE) was released by: Zacks.com and their article: “Hewlett Packard Enterprise (HPE) Q4 Earnings: What’s Up?” with publication date: November 18, 2016.

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