Hewlett Packard Enterprise Company $HPE Stock: First Citizens Bank & Trust Co. Grows Position

Key Points

• First Citizens Bank & Trust Co. increased its HPE stake by 210.8% in the third quarter, reaching 30,470 shares valued at approximately $1.95 million. Institutional investors collectively own 80.78% of the company.
• HPE reported strong quarterly results, with revenue rising 33.7% year over year to $12.21 billion and adjusted earnings of $1.11 per share, exceeding analyst expectations. The company also declared a quarterly dividend of $0.1425 per share.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and average price target of $65.44, although Barclays downgraded the stock over valuation and concerns about the pace of AI-driven growth. Insiders sold 551,456 shares worth $35.3 million over the past three months.

First Citizens Bank & Trust Co. grew its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 210.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,470 shares of the technology company's stock after buying an additional 20,666 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Hewlett Packard Enterprise were worth $1,947,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Elliott Investment Management L.P. increased its holdings in Hewlett Packard Enterprise by 47.2% in the 1st quarter. Elliott Investment Management L.P. now owns 27,421,735 shares of the technology company's stock worth $652,912,000 after acquiring an additional 8,790,757 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $1,027,139,000. Primecap Management Co. CA bought a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $773,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hewlett Packard Enterprise by 6.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,088,774 shares of the technology company's stock valued at $590,435,000 after purchasing an additional 756,972 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $512,721,000. Institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 17,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, September 14th. The shares were sold at an average price of $56.91, for a total transaction of $967,470.00. Following the completion of the transaction, the director directly owned 65,072 shares of the company's stock, valued at $3,703,247.52. The trade was a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio Neri sold 250,000 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $68.31, for a total transaction of $17,077,500.00. Following the transaction, the chief executive officer owned 1,182,393 shares in the company, valued at $80,769,265.83. This trade represents a 17.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 551,456 shares of company stock worth $35,271,258 over the last three months. 0.44% of the stock is owned by insiders.

Trending Headlines about Hewlett Packard Enterprise

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: HPE plans to invest $75 million to expand its Chippewa Falls, Wisconsin, operations and add approximately 75 jobs. The project supports the company’s regional infrastructure and manufacturing footprint, although its near-term financial impact is likely limited. HPE Chippewa Falls expansion
• Positive Sentiment: Daiwa upgraded HPE to Outperform, providing a counterpoint to the more cautious analyst view and signaling continued confidence in the company’s longer-term prospects. Daiwa upgrades HPE
• Neutral Sentiment: HPE recently reported record quarterly revenue, orders and backlog, citing demand for traditional servers, AI systems and networking, as well as higher server prices. Those results offer fundamental support but are being weighed against concerns about how sustainable the growth rate will be. HPE demand and server pricing analysis
• Negative Sentiment: Barclays downgraded HPE from Overweight to Equal Weight and lowered its price target from $83 to $77. The firm cited elevated valuation and a lack of a meaningful AI-driven growth inflection, placing pressure on HPE and other server makers. Barclays downgrades HPE
• Negative Sentiment: Investors also remain concerned that enterprise customers may delay or moderate AI hardware purchases. The broader selloff in Dell, NetApp and Super Micro reinforced worries about server demand, revenue timing and near-term industry momentum. Hardware stocks fall on AI spending concerns

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Hewlett Packard Enterprise from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, October 6th. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $59.00 to $66.00 and gave the company a "neutral" rating in a research report on Thursday, October 1st. Citigroup lifted their target price on shares of Hewlett Packard Enterprise from $76.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. Susquehanna lowered their target price on shares of Hewlett Packard Enterprise from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, September 4th. Finally, Loop Capital dropped their target price on shares of Hewlett Packard Enterprise from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.44.

Hewlett Packard Enterprise Trading Down 7.0%

HPE opened at $58.71 on Friday. The firm has a market cap of $77.94 billion, a P/E ratio of 22.78, a P/E/G ratio of 0.56 and a beta of 1.39. Hewlett Packard Enterprise Company has a 12 month low of $19.84 and a 12 month high of $73.56. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $59.30 and a 200 day moving average of $46.26.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $12.21 billion for the quarter, compared to analysts' expectations of $11.97 billion. Hewlett Packard Enterprise had a return on equity of 15.50% and a net margin of 6.60%. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, research analysts forecast that Hewlett Packard Enterprise Company will post 3.34 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be given a $0.1425 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.57 dividend on an annualized basis and a yield of 1.0%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 29.69%.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company NYSE: HPE is a global technology company that provides information technology products, services and solutions for businesses, governments and other organizations. Its offerings are designed to help customers build, manage and secure data center, cloud and edge-computing environments.

HPE's portfolio includes enterprise servers, high-performance computing systems, data storage, networking equipment, software and technology consulting services. The company also provides hybrid cloud and as-a-service solutions through HPE GreenLake, allowing customers to access and manage computing, storage, data protection and other IT capabilities through a flexible consumption model.

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