Assenagon Asset Management S.A. Raises Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• Assenagon Asset Management S.A. increased its stake in Hewlett Packard Enterprise by 3,847.1% during the second quarter, owning 8,831,262 shares worth approximately $180.60 million.
• Insider transactions include CEO Antonio F. Neri selling 166,666 shares for around $3.75 million, indicating a 7.99% decrease in his holdings.
• The company is set to pay a quarterly dividend of $0.13 on October 17th, representing an annualized yield of 2.1%.

Assenagon Asset Management S.A. boosted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 3,847.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,831,262 shares of the technology company's stock after buying an additional 8,607,523 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.67% of Hewlett Packard Enterprise worth $180,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $31,000. Alpine Bank Wealth Management bought a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at about $25,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,318 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HPE. Citigroup lifted their price objective on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Bank of America increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.81.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares in the company, valued at approximately $2,061,500.02. This represents a 32.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 668,590 shares of company stock worth $15,265,033 over the last ninety days. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.7%

Shares of HPE stock traded up $0.17 during trading hours on Monday, reaching $25.16. 15,825,082 shares of the company's stock were exchanged, compared to its average volume of 19,368,293. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $25.36. The stock has a market cap of $33.19 billion, a PE ratio of 30.68, a PEG ratio of 2.57 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock's fifty day moving average price is $21.98 and its two-hundred day moving average price is $18.70.

Hewlett Packard Enterprise Announces Dividend

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

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.