KBC Group NV increased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 797,184 shares of the technology company's stock after purchasing an additional 71,704 shares during the period. KBC Group NV owned approximately 0.06% of Hewlett Packard Enterprise worth $16,310,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of HPE. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3.7% during the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock valued at $2,869,655,000 after buying an additional 5,777,901 shares during the last quarter. Pacer Advisors Inc. lifted its position in Hewlett Packard Enterprise by 14,953.2% in the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock valued at $490,925,000 after acquiring an additional 23,035,594 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hewlett Packard Enterprise by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company's stock valued at $399,507,000 after purchasing an additional 822,722 shares during the last quarter. Legal & General Group Plc increased its holdings in Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock worth $358,602,000 after purchasing an additional 617,691 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Hewlett Packard Enterprise by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 9,483,975 shares of the technology company's stock worth $200,776,000 after purchasing an additional 237,321 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on HPE shares. UBS Group lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price objective on the stock. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a report on Monday, September 23rd. They issued a "neutral" rating and a $20.00 target price for the company. Susquehanna reissued a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $21.46.
Check Out Our Latest Stock Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Price Performance
Hewlett Packard Enterprise stock opened at $21.07 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business's 50 day simple moving average is $19.87 and its 200 day simple moving average is $19.43. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.39 and a beta of 1.19.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current year.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.
Insider Activity at Hewlett Packard Enterprise
In other news, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. Corporate insiders own 0.40% of the company's stock.
Hewlett Packard Enterprise Company Profile
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Free Report)
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.
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