Assenagon Asset Management S.A. Has $12.06 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Assenagon Asset Management S.A. lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 175.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 565,012 shares of the technology company's stock after acquiring an additional 359,732 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Hewlett Packard Enterprise were worth $12,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Pines Wealth Management LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $580,000. Marcum Wealth LLC increased its stake in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Marcum Wealth LLC now owns 16,469 shares of the technology company's stock worth $352,000 after acquiring an additional 2,644 shares during the period. Pallas Capital Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 2.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 49,862 shares of the technology company's stock worth $1,065,000 after purchasing an additional 1,272 shares during the period. Sunflower Bank N.A. increased its holdings in Hewlett Packard Enterprise by 17.0% in the 4th quarter. Sunflower Bank N.A. now owns 12,038 shares of the technology company's stock worth $257,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Bar Harbor Wealth Management acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $201,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. 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. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last quarter. Corporate insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.25 during midday trading on Friday, reaching $23.16. 19,926,183 shares of the company traded hands, compared to its average volume of 11,881,842. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The firm has a market cap of $30.46 billion, a PE ratio of 12.19, a PEG ratio of 2.05 and a beta of 1.20. The stock's 50-day simple moving average is $21.85 and its 200-day simple moving average is $20.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.25%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 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.