Ionic Capital Management adds Hewlett Packard Enterprise Co (HPE) to its portfolio

Hewlett Packard Enterprise Co (HPE) : Ionic Capital Management added new position in Hewlett Packard Enterprise Co during the most recent quarter end. The investment management firm now holds 397,590 shares of Hewlett Packard Enterprise Co which is valued at $8,703,245 , the company said in a statement filed on Aug 15, 2016 with the SEC.Hewlett Packard Enterprise Co makes up approximately 1.50% of Ionic Capital Management’s portfolio.

Other Hedge Funds, Including , Budros Ruhlin Roe reduced its stake in HPE by selling 1,623 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 26,932 shares of HPE which is valued at $589,541. Hewlett Packard Enterprise Co makes up approx 0.19% of Budros Ruhlin Roe’s portfolio.At Bancorp reduced its stake in HPE by selling 24,945 shares or 8.79% in the most recent quarter. The Hedge Fund company now holds 258,801 shares of HPE which is valued at $5,636,686. Hewlett Packard Enterprise Co makes up approx 0.79% of At Bancorp’s portfolio.Athena Global Investors reduced its stake in HPE by selling 24,121 shares or 30.49% in the most recent quarter. The Hedge Fund company now holds 54,982 shares of HPE which is valued at $1,197,508. Hewlett Packard Enterprise Co makes up approx 1.79% of Athena Global Investors’s portfolio.

On the company’s financial health, Hewlett Packard Enterprise Co reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Sep 7, 2016. Analyst had a consensus of $0.45. The company had revenue of $12210.00 million for the quarter, compared to analysts expectations of $12610.78 million. The company’s revenue was down -3.9 % 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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