Ruffer LLP Has $10.27 Million Stake in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Ruffer LLP has significantly increased its stake in Hewlett Packard Enterprise by 62.2%, acquiring an additional 255,260 shares during the first quarter, bringing its total ownership to 665,491 shares valued at approximately $10.27 million.
• The company reported a quarterly earnings per share of $0.38, exceeding analysts' expectations of $0.33, alongside a revenue of $7.63 billion, marking a 5.9% increase compared to the prior year.
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13 per share, translating to an annualized yield of 2.6%.

Ruffer LLP increased its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 62.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 665,491 shares of the technology company's stock after purchasing an additional 255,260 shares during the period. Ruffer LLP owned approximately 0.05% of Hewlett Packard Enterprise worth $10,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $25,000. Hara Capital LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Ameriflex Group Inc. bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $31,000. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth about $25,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Hewlett Packard Enterprise by 345.0% during the 1st 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 period. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 1.8%

NYSE HPE traded up $0.38 during trading hours on Friday, reaching $20.78. The company's stock had a trading volume of 8,392,713 shares, compared to its average volume of 18,952,578. The firm has a fifty day simple moving average of $19.54 and a 200-day simple moving average of $18.38. The stock has a market cap of $27.26 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.90 and a beta of 1.37. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were 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 accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock valued at $2,436,000 in the last three months. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HPE. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. 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 note on Wednesday, July 23rd. KeyCorp initiated coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.87.

Hewlett Packard Enterprise 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.