Hewlett Packard Enterprise

CEO: Meg Whitman

Dec. 30, 2016: $23.14

March 31, 2017: $23.70

Change: +2.42%

In January HPE struck a deal to buy hyper-converged infrastructure pioneer SimpliVity for $650 million, an acquisition that was completed on Feb. 17. HPE plans to integrate SimpliVity hardware and software with HPE servers in a bid to grab a share of the fast-growing hyper-converged infrastructure market.

In March HPE signed an agreement to acquire Nimble Storage, a manufacturer of predictive all-flash and hybrid-flash storage systems, for $12.50 per share or $1.0 billion in cash. HPE completed the Nimble acquisition on April 17, after the period covered in this analysis..

On April 3, also after the period covered in this analysis, HPE completed the spin-off of its HPE enterprise services business, which merged with CSC to create the new solution provider DXC. HPE said that deal would deliver approximately $13.5 billion in value to stockholders through an equity stake in DXC, a cash dividend payment, and DXC's assumption of debt and other liabilities.

The price of HPE's stock was adjusted at the start of trading April 3, from the $23.70 March 31 closing price to $18, to account for the 0.086 shares of DXC common stock shareholders received for each share of HPE stock.