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

Citizens Financial Group Inc. RI raised its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 39.3% during the second quarter, Holdings Channel reports. The firm owned 20,439 shares of the technology company’s stock after buying an additional 5,765 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Hewlett Packard Enterprise were worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its holdings in shares of Hewlett Packard Enterprise by 20.3% in the 2nd quarter. Creative Planning now owns 261,503 shares of the technology company’s stock valued at $5,348,000 after buying an additional 44,208 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Hewlett Packard Enterprise by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 322,162 shares of the technology company’s stock worth $6,588,000 after acquiring an additional 21,802 shares during the period. Empower Advisory Group LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at $202,000. Foundations Investment Advisors LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth $402,000. Finally, Nixon Peabody Trust Co. raised its position in Hewlett Packard Enterprise by 6.8% in the 2nd quarter. Nixon Peabody Trust Co. now owns 14,161 shares of the technology company’s stock valued at $290,000 after purchasing an additional 903 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the 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. Over the last quarter, insiders sold 543,738 shares of company stock worth $12,922,932. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HPE. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. Sanford C. Bernstein assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $25.00 price target (down from $28.00) on shares of Hewlett Packard Enterprise in a research report on Monday. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Bank of America raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.24.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $20.61 on Thursday. The business has a 50 day moving average price of $24.01 and a 200 day moving average price of $21.28. The company has a market capitalization of $27.19 billion, a P/E ratio of 25.13, a PEG 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. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

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

Hewlett Packard Enterprise Dividend Announcement

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