Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 60.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HPE. Avanza Fonder AB grew its position in Hewlett Packard Enterprise by 11.0% in the first quarter. Avanza Fonder AB now owns 133,712 shares of the technology company's stock worth $2,155,000 after acquiring an additional 13,218 shares in the last quarter. Simplicity Wealth LLC boosted its holdings in shares of Hewlett Packard Enterprise by 10.2% in the 1st quarter. Simplicity Wealth LLC now owns 11,548 shares of the technology company's stock worth $178,000 after purchasing an additional 1,070 shares during the period. GAMMA Investing LLC increased its position in shares of Hewlett Packard Enterprise by 14.4% during the 1st quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company's stock valued at $274,000 after purchasing an additional 2,239 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Hewlett Packard Enterprise by 90.6% during the 1st quarter. Harbor Capital Advisors Inc. now owns 29,055 shares of the technology company's stock valued at $448,000 after buying an additional 13,813 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in 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 worth $26,000 after buying an additional 1,318 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 3.1%

Shares of NYSE:HPE traded up $0.55 during trading hours on Monday, hitting $18.20. The company's stock had a trading volume of 13,986,220 shares, compared to its average volume of 16,782,613. The firm's fifty day moving average price is $16.63 and its 200 day moving average price is $18.88. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a market capitalization of $23.89 billion, a price-to-earnings ratio of 9.58, 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.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts expect that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Raymond James increased their target price on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research note on Wednesday, June 4th. Susquehanna dropped their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and upped their target price for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. UBS Group raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $21.31.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.36% of the stock is currently owned by company insiders.

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.