Assenagon Asset Management S.A. Buys 985,829 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Assenagon Asset Management increased its HPE stake by 387.9%, buying 985,829 additional shares to hold 1.24 million shares valued at approximately $55.9 million. Institutional investors and hedge funds collectively own 80.78% of HPE.
• Analyst sentiment is positive, with HPE carrying a “Moderate Buy” consensus rating and an average price target of $69.93. Ten analysts rate the stock a Buy, while seven recommend Hold.
• HPE reported quarterly revenue of $10.68 billion, up 40% year over year and above estimates, while adjusted EPS of $0.79 exceeded consensus by $0.25. The company also declared a quarterly dividend of $0.1425 per share, equivalent to a 1.1% annualized yield.

Assenagon Asset Management S.A. increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 387.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,240,000 shares of the technology company's stock after buying an additional 985,829 shares during the period. Assenagon Asset Management S.A. owned 0.09% of Hewlett Packard Enterprise worth $55,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Hewlett Packard Enterprise by 24.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,593 shares of the technology company's stock worth $5,179,000 after purchasing an additional 41,896 shares during the last quarter. Freemont Management S.A. boosted its holdings in Hewlett Packard Enterprise by 197.1% in the 4th quarter. Freemont Management S.A. now owns 217,200 shares of the technology company's stock valued at $5,217,000 after purchasing an additional 144,100 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Hewlett Packard Enterprise by 60.2% in the fourth quarter. CIBC Asset Management Inc now owns 337,691 shares of the technology company's stock valued at $8,111,000 after buying an additional 126,938 shares during the period. Irenic Capital Management LP acquired a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $18,691,000. Finally, Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 173,058,714 shares of the technology company's stock worth $4,156,870,000 after acquiring an additional 1,917,719 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the subject of several recent analyst reports. Zacks Research cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Piper Sandler restated a "neutral" rating and issued a $63.00 target price (up from $23.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, June 2nd. Loop Capital upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and increased their price target for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Finally, Raymond James Financial upped their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 2nd. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.93.

Hewlett Packard Enterprise Trading Up 1.2%

Shares of HPE stock opened at $53.07 on Friday. The company has a market cap of $70.27 billion, a P/E ratio of 49.60, a PEG ratio of 0.57 and a beta of 1.42. The stock has a 50 day simple moving average of $47.72 and a two-hundred day simple moving average of $33.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.09. Hewlett Packard Enterprise Company has a fifty-two week low of $19.84 and a fifty-two week high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm had revenue of $10.68 billion during the quarter, compared to analysts' expectations of $9.78 billion. During the same period last year, the company earned ($0.82) earnings per share. The business's revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Research analysts forecast that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise's payout ratio is 53.27%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company's stock.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE's product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

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