Argentarii LLC Cuts Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Argentarii LLC has reduced its stake in Hewlett Packard Enterprise (HPE) by 28.2%, now owning 26,632 shares valued at $545,000.
• Several other investors increased their positions in HPE, with Assenagon Asset Management S.A. growing its stake by an impressive 3,847.1%.
• Analysts have raised their price targets for HPE, with Morgan Stanley increasing their target from $22.00 to $28.00, indicating strong investor confidence.

Argentarii LLC cut its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 28.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,632 shares of the technology company's stock after selling 10,468 shares during the period. Argentarii LLC's holdings in Hewlett Packard Enterprise were worth $545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Hewlett Packard Enterprise by 39.8% in the second quarter. GAMMA Investing LLC now owns 24,835 shares of the technology company's stock worth $508,000 after acquiring an additional 7,075 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Hewlett Packard Enterprise in the second quarter worth $952,000. Assenagon Asset Management S.A. grew its position in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company's stock worth $180,599,000 after acquiring an additional 8,607,523 shares in the last quarter. Bell Bank grew its position in Hewlett Packard Enterprise by 2.1% in the second quarter. Bell Bank now owns 349,575 shares of the technology company's stock worth $7,149,000 after acquiring an additional 7,204 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in Hewlett Packard Enterprise by 5.3% in the second quarter. IFM Investors Pty Ltd now owns 329,112 shares of the technology company's stock worth $6,730,000 after acquiring an additional 16,546 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HPE has been the subject of several analyst reports. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Wolfe Research initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an "equal weight" rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.81.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $25.16 on Tuesday. The company has a 50 day simple moving average of $22.07 and a two-hundred day simple moving average of $18.76. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $25.36. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 2.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 668,590 shares of company stock valued at $15,265,033 over the last ninety days. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise 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.

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