PNC Financial Services Group Inc. Decreases Stock Holdings in Hewlett Packard Enterprise Company $HPE

PNC Financial Services Group Inc. lowered its stake in Hewlett Packard Enterprise Company (NYSE:HPE) by 8.8% during the first quarter, Holdings Channel.com reports. The fund owned 446,439 shares of the technology company’s stock after selling 43,152 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hewlett Packard Enterprise were worth $10,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Capital World Investors acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $901,751,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $433,537,000. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $185,969,000. Amundi increased its stake in shares of Hewlett Packard Enterprise by 63.1% during the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after purchasing an additional 4,454,568 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $93,654,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,482 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the transaction, the director owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. The trade was a 44.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Marie Myers sold 93,583 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.01, for a total value of $2,808,425.83. Following the completion of the sale, the chief financial officer owned 204,754 shares of the company’s stock, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 118,850 shares of company stock worth $3,908,125 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $47.64 on Friday. The company has a market cap of $63.08 billion, a P/E ratio of 44.52, a P/E/G ratio of 0.52 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’s 50-day moving average price is $45.12 and its 200-day moving average price is $31.38. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. The company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. Hewlett Packard Enterprise’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were given a $0.1425 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio is 53.27%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Morgan Stanley boosted their price objective on Hewlett Packard Enterprise from $33.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Barclays increased their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Citigroup lifted their price target on Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Susquehanna boosted their price target on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.31.

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.