OpenManage Enterprise - Managed State indicating "Monitored"

I am currently using OME Version 3.4.1 (Build 24) to manage and monitor my PowerEdge servers. However, it seems after the last OME update, one of my ESXi hosts (PowerEdge 720xd) is not communicating with OME. No configuration changes were made and no drivers/firmware updates were installed on the particular system. It also changed the Managed State to "Monitored". I researched this "Monitored" state for hours and still came up empty. I performed an Inventory Refresh of this host but it failed to complete. I am able to access iDRAC by IP and everything looks normal from the GUI.

Any ideas or help is appreciated! Thank you.