Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by KBC Group NV

KBC Group NV increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 76.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,409,152 shares of the technology company’s stock after buying an additional 611,968 shares during the period. KBC Group NV’s holdings in Hewlett Packard Enterprise were worth $30,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares in the last quarter. Nordea Investment Management AB raised its holdings in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter worth $861,000. CHICAGO TRUST Co NA grew its holdings in Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares during the last quarter. Finally, National Pension Service increased its position in shares of Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after buying an additional 472,885 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.48 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company has a 50 day moving average price of $22.12 and a 200 day moving average price of $20.43.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.42%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

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.