Iridian Asset Managementct Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Iridian Asset Managementct reduced its stake in Hewlett Packard Enterprise Co by 8.22% during the most recent quarter end. The investment management company now holds a total of 25,253,759 shares of Hewlett Packard Enterprise Co which is valued at $546,743,882 after selling 2,262,760 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 4.84% of Iridian Asset Managementct’s portfolio.

Other Hedge Funds, Including , First Eagle Investment Management reduced its stake in HPE by selling 1,945,255 shares or 20.4% in the most recent quarter. The Hedge Fund company now holds 7,590,540 shares of HPE which is valued at $165,321,961. Hewlett Packard Enterprise Co makes up approx 0.40% of First Eagle Investment Management’s portfolio.Glenmede Trust Co Na boosted its stake in HPE in the latest quarter, The investment management firm added 208,068 additional shares and now holds a total of 2,103,576 shares of Hewlett Packard Enterprise Co which is valued at $46,089,350. Hewlett Packard Enterprise Co makes up approx 0.27% of Glenmede Trust Co Na’s portfolio.Anchor Capital Advisors boosted its stake in HPE in the latest quarter, The investment management firm added 258,420 additional shares and now holds a total of 1,027,174 shares of Hewlett Packard Enterprise Co which is valued at $22,094,513. Hewlett Packard Enterprise Co makes up approx 0.57% of Anchor Capital Advisors’s portfolio. Locust Wood Capital Advisers added HPE to its portfolio by purchasing 828,495 company shares during the most recent quarter which is valued at $16,611,325. Hewlett Packard Enterprise Co makes up approx 1.78% of Locust Wood Capital Advisers’s portfolio.Ibm Retirement Fund boosted its stake in HPE in the latest quarter, The investment management firm added 3,414 additional shares and now holds a total of 226,929 shares of Hewlett Packard Enterprise Co which is valued at $4,549,926. Hewlett Packard Enterprise Co makes up approx 0.16% of Ibm Retirement Fund’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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