Dodge Cox buys $3,533.6 Million stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Dodge Cox scooped up 6,540,190 additional shares in Hewlett Packard Enterprise Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 224,069,718 shares of Hewlett Packard Enterprise Co which is valued at $3,533.6 Million.Hewlett Packard Enterprise Co makes up approximately 3.53% of Dodge Cox’s portfolio.

Other Hedge Funds, Including , Verition Fund Management sold out all of its stake in HPE during the most recent quarter. The investment firm sold 35,821 shares of HPE which is valued $564,897.Janney Montgomery Scott reduced its stake in HPE by selling 11,240 shares or 13.17% in the most recent quarter. The Hedge Fund company now holds 74,133 shares of HPE which is valued at $1.2 Million. Hewlett Packard Enterprise Co makes up approx 0.03% of Janney Montgomery Scott’s portfolio.Iridian Asset Managementct boosted its stake in HPE in the latest quarter, The investment management firm added 7,461,025 additional shares and now holds a total of 27,516,519 shares of Hewlett Packard Enterprise Co which is valued at $433.9 Million. Hewlett Packard Enterprise Co makes up approx 3.82% of Iridian Asset Managementct’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in HPE by selling 22,688 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 2,310,588 shares of HPE which is valued at $36.5 Million. Hewlett Packard Enterprise Co makes up approx 0.14% of State Board Of Administration Of Florida Retirement System’s portfolio. Waratah Capital Advisors Ltd. added HPE to its portfolio by purchasing 33,680 company shares during the most recent quarter which is valued at $531,470. Hewlett Packard Enterprise Co makes up approx 0.10% of Waratah Capital Advisors Ltd.’s portfolio.

On the company’s financial health, Hewlett Packard Enterprise Co reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 24, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $12711.00 million for the quarter, compared to analysts expectations of $12336.07 million. The company’s revenue was up 1.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. Company shares were Reiterated by Mizuho on May 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 16 from a previous price target of $13 .Company shares were Reiterated by Jefferies on May 25, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $19.50 .Company shares were Reiterated by FBN Securities on May 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 21 from a previous price target of $18 .

Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions which enables the customers to build cloud-enabled mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services software and financial services businesses. Hewlett Packard Enterprise offers its services to various enterprises and governments.

Leave a Reply

Hewlett Packard Enterprise Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hewlett Packard Enterprise Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.