Generali Asset Management SPA SGR Acquires New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Generali Asset Management SPA SGR acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 58,272 shares of the technology company's stock, valued at approximately $1,244,000.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $45,000. Finally, Quest Partners LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $50,000. 80.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays reduced their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.27.

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Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 0.5 %

NYSE HPE traded up $0.08 on Tuesday, hitting $16.56. 21,197,546 shares of the stock were exchanged, compared to its average volume of 15,145,075. The company's 50-day moving average price is $20.11 and its two-hundred day moving average price is $20.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

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.