Kentucky Retirement Systems Insurance Trust Fund Invests $589,000 in Hewlett Packard Enterprise Company (NYSE:HPE)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,175 shares of the technology company's stock, valued at approximately $589,000.

A number of other large investors have also recently made changes to their positions in HPE. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $25,000. Bruce G. Allen Investments LLC boosted its stake 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 stake in Hewlett Packard Enterprise during the fourth quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $31,000. Finally, Financial Freedom LLC boosted its stake in Hewlett Packard Enterprise by 76.7% during the first quarter. Financial Freedom LLC now owns 2,197 shares of the technology company's stock valued at $34,000 after buying an additional 954 shares during the period. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Trading Down 0.6%

NYSE:HPE traded down $0.11 during mid-day trading on Thursday, reaching $18.38. 15,437,588 shares of the company's stock traded hands, compared to its average volume of 16,494,886. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.66 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The company has a 50 day moving average price of $17.24 and a 200-day moving average price of $18.71.

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

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.83%. Hewlett Packard Enterprise's payout ratio is 52.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HPE shares. UBS Group lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Morgan Stanley lifted their price objective on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Finally, KeyCorp started coverage on Hewlett Packard Enterprise in a research note on Thursday. They set a "sector weight" rating for the company. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $21.31.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company 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.