Generali Asset Management SPA SGR Takes $1.24 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Generali Asset Management SPA SGR acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,272 shares of the technology company’s stock, valued at approximately $1,244,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the period. Pacer Advisors Inc. raised its position in Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hewlett Packard Enterprise by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares during the period. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $292,959,000. Finally, Charles Schwab Investment Management Inc. raised its position in Hewlett Packard Enterprise by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after purchasing an additional 135,874 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HPE shares. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Stifel Nicolaus raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $16.26 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm’s 50 day moving average price is $20.34 and its 200-day moving average price is $20.49. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The company has a market cap of $21.36 billion, a PE ratio of 8.56, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.20%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

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.