Hewlett Packard Enterprise Company $HPE Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 39.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,439 shares of the technology company’s stock after buying an additional 5,765 shares during the period. Citizens Financial Group Inc. RI’s holdings in Hewlett Packard Enterprise were worth $418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Kingsview Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth about $214,000. Private Advisor Group LLC boosted its position in Hewlett Packard Enterprise by 20.0% during the first quarter. Private Advisor Group LLC now owns 70,450 shares of the technology company’s stock worth $1,087,000 after purchasing an additional 11,749 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Hewlett Packard Enterprise by 6.1% in the first quarter. Kestra Private Wealth Services LLC now owns 40,760 shares of the technology company’s stock valued at $629,000 after purchasing an additional 2,352 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Hewlett Packard Enterprise by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 100,306 shares of the technology company’s stock valued at $1,547,000 after buying an additional 4,101 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Hewlett Packard Enterprise by 42.4% in the first quarter. Lindbrook Capital LLC now owns 13,831 shares of the technology company’s stock valued at $213,000 after buying an additional 4,121 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HPE shares. Evercore ISI increased their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Bank of America lifted their price objective on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a research note on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. Finally, Piper Sandler started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 22nd. They issued a “neutral” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $25.24.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company’s stock, valued at $2,061,500.02. This represents a 32.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale is available in the SEC filing. Insiders have sold 543,738 shares of company stock worth $12,922,932 in the last ninety days. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 1.4%

Shares of Hewlett Packard Enterprise stock opened at $20.61 on Thursday. 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 stock’s 50 day simple moving average is $24.01 and its 200-day simple moving average is $21.28. The stock has a market cap of $27.19 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.81 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $26.44.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.77 billion. Hewlett Packard Enterprise had a return on equity of 9.01% and a net margin of 3.77%.The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. Analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. Hewlett Packard Enterprise’s payout ratio is 63.41%.

Hewlett Packard Enterprise Company Profile

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.