Citizens Financial Group Inc. RI Acquires Shares of 35,032 Hewlett Packard Enterprise Company $HPE

Key Points

• Citizens Financial Group initiated a position in Hewlett Packard Enterprise, purchasing 35,032 shares valued at approximately $1.58 million. Institutional investors collectively own 80.78% of HPE’s outstanding shares.
• HPE reported quarterly earnings of $0.79 per share and revenue of $10.68 billion, beating analyst estimates; revenue rose 40% year over year. The company also issued fiscal 2026 EPS guidance of $3.35 to $3.45.
• Analyst sentiment remains positive, with HPE carrying a “Moderate Buy” consensus rating and an average price target of $69.80. The company pays a quarterly dividend of $0.1425, equivalent to a 1.0% annual yield.

Citizens Financial Group Inc. RI bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,032 shares of the technology company's stock, valued at approximately $1,580,000.

Other institutional investors have also modified their holdings of the company. Capital World Investors purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $901,751,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $433,537,000. Elliott Investment Management L.P. boosted its position in Hewlett Packard Enterprise by 47.2% during the first quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock valued at $652,912,000 after purchasing an additional 8,790,757 shares in the last quarter. Norges Bank bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $185,969,000. Finally, Bank of New York Mellon Corp purchased a new position in Hewlett Packard Enterprise in the second quarter valued at about $322,718,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $55.68 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The firm has a market cap of $73.73 billion, a price-to-earnings ratio of 52.04, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The company has a 50 day moving average price of $48.52 and a 200-day moving average price of $35.13. Hewlett Packard Enterprise Company has a 1-year low of $19.84 and a 1-year high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company's revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.82) EPS. 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. Equities research analysts forecast that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 annualized dividend and a dividend yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio is 53.27%.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 10th. Raymond James Financial raised their price objective on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and boosted their target price for the stock from $23.00 to $75.00 in a research note on Tuesday, June 2nd. Weiss Ratings raised Hewlett Packard Enterprise from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, June 29th. Finally, Sanford C. Bernstein increased their price target on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a "market perform" rating in a research note on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with 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 a consensus target price of $69.80.

About Hewlett Packard Enterprise

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.

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