Citizens Financial Group Inc. RI Buys 10,313 Shares of Hewlett Packard Enterprise Company $HPE

Citizens Financial Group Inc. RI boosted its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 42.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,574 shares of the technology company’s stock after purchasing an additional 10,313 shares during the period. Citizens Financial Group Inc. RI’s holdings in Hewlett Packard Enterprise were worth $823,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Hewlett Packard Enterprise by 317.3% in the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after purchasing an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Hewlett Packard Enterprise by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,377 shares during the period. Brown Advisory Inc. increased its position in Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after buying an additional 996 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after acquiring an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Hewlett Packard Enterprise in the second quarter valued at $207,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Neil B. Macdonald sold 24,251 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $27.01, for a total value of $655,019.51. Following the transaction, the executive vice president owned 32,243 shares in the company, valued at approximately $870,883.43. This trade represents a 42.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 17,001 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total transaction of $475,517.97. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 310,102 shares of company stock valued at $9,013,662. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Trading Up 4.9%

NYSE HPE opened at $49.56 on Wednesday. The stock’s 50-day simple moving average is $42.69 and its two-hundred day simple moving average is $30.16. The company has a market capitalization of $65.62 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 0.51 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $19.64 and a twelve month high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same period last year, the business earned ($0.82) earnings per share. The business’s quarterly revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.1425 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.57 annualized dividend and a yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HPE. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 29th. Citigroup raised their price objective on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Truist Financial reiterated a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $64.65.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.