High Pointe Capital Management Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : High Pointe Capital Management reduced its stake in Hewlett Packard Enterprise Co by 5.28% during the most recent quarter end. The investment management company now holds a total of 104,747 shares of Hewlett Packard Enterprise Co which is valued at $2,281,390 after selling 5,840 shares in Hewlett Packard Enterprise Co , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Hewlett Packard Enterprise Co makes up approximately 3.21% of High Pointe Capital Management’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management reduced its stake in HPE by selling 16 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 1,555 shares of HPE which is valued at $33,868.Accident Compensation Corp reduced its stake in HPE by selling 23,000 shares or 10.69% in the most recent quarter. The Hedge Fund company now holds 192,200 shares of HPE which is valued at $4,211,102. Hewlett Packard Enterprise Co makes up approx 1.11% of Accident Compensation Corp’s portfolio.Sumitomo Life Insurance Co reduced its stake in HPE by selling 3,103 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 88,121 shares of HPE which is valued at $1,743,915. Hewlett Packard Enterprise Co makes up approx 0.23% of Sumitomo Life Insurance Co’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. Hewlett Packard Enterprise Co was Initiated by Raymond James to “Mkt Perform” on Aug 17, 2016. Hewlett Packard Enterprise Co was Upgraded by Citigroup to ” Buy” on Jul 25, 2016. Company shares were Reiterated by Deutsche Bank on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .

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.

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