KBC Group NV Grows Position in Hewlett Packard Enterprise Company (NYSE:HPE)

KBC Group NV increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,603,939 shares of the technology company's stock after buying an additional 194,787 shares during the period. KBC Group NV owned about 0.12% of Hewlett Packard Enterprise worth $24,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth about $25,000. Alpine Bank Wealth Management purchased a new position in Hewlett Packard Enterprise during the first quarter valued at approximately $25,000. Bruce G. Allen Investments LLC increased its holdings in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after buying an additional 1,318 shares during the period. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Finally, Ameriflex Group Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth $31,000. 80.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,999 shares of company stock valued at $2,520,534. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.36 during trading hours on Wednesday, reaching $20.84. 3,752,007 shares of the company traded hands, compared to its average volume of 16,675,675. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $17.59 and a 200-day moving average price of $18.61. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The stock has a market capitalization of $27.34 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.96 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.50%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group boosted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. Susquehanna decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.54.

Hewlett Packard Enterprise 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.