Assenagon Asset Management S.A. Has $3.45 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Assenagon Asset Management S.A. lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,739 shares of the technology company’s stock after selling 341,273 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Hewlett Packard Enterprise were worth $3,452,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock worth $686,011,000 after buying an additional 681,242 shares during the last quarter. Northern Trust Corp boosted its position in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after purchasing an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $292,959,000. Boston Partners boosted its position in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Slate Path Capital LP boosted its position in Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 4th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Loop Capital increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, June 9th. Finally, Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $21.31.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $17.64 on Monday. The stock has a market capitalization of $23.15 billion, a PE ratio of 9.29, a P/E/G ratio of 2.03 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business has a fifty day moving average price of $16.63 and a two-hundred day moving average price of $18.88. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.95%. Hewlett Packard Enterprise’s payout ratio is 52.53%.

About Hewlett Packard Enterprise

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.