Caxton Associates LLP Makes New $1.34 Million Investment in Hewlett Packard Enterprise Company $HPE

Key Points

• Caxton Associates LLP has made a new investment in Hewlett Packard Enterprise, acquiring 86,586 shares valued at approximately $1.34 million during the first quarter.
• The company recently declared a quarterly dividend of $0.13 per share, with a dividend yield of 2.2%.
• Hewlett Packard Enterprise stock has seen a target price increase by various analysts, with Deutsche Bank raising it from $21 to $26, reflecting positive market sentiment.

Caxton Associates LLP acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,586 shares of the technology company's stock, valued at approximately $1,336,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Hewlett Packard Enterprise by 1.7% during the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after buying an additional 2,779,446 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hewlett Packard Enterprise by 3.4% in the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after purchasing an additional 545,775 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after purchasing an additional 15,171,314 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after purchasing an additional 3,922,516 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Hewlett Packard Enterprise by 1.6% during the first quarter. Deutsche Bank AG now owns 10,249,122 shares of the technology company's stock valued at $158,144,000 after purchasing an additional 165,316 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 1.7%

HPE opened at $23.90 on Wednesday. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The business has a 50-day moving average of $21.39 and a 200-day moving average of $18.41. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market capitalization of $31.53 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.42 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The company 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 of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 63.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Barclays upped their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Loop Capital upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, June 9th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Finally, UBS Group increased their price objective on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.87.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the firm'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $24.04, for a total value of $2,003,349.36. Following the sale, the chief executive officer directly owned 1,752,392 shares of the company's stock, valued at $42,127,503.68. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 461,924 shares of company stock valued at $10,110,183 in the last three months. Corporate insiders own 0.36% of the company's stock.

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.

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