Nexus Investment Management Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Nexus Investment Management reduced its stake in Hewlett Packard Enterprise Co by 0.5% during the most recent quarter end. The investment management company now holds a total of 417,200 shares of Hewlett Packard Enterprise Co which is valued at $7,943,488 after selling 2,100 shares in Hewlett Packard Enterprise Co , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Hewlett Packard Enterprise Co makes up approximately 1.49% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , Summit Financial Wealth Advisors added HPE to its portfolio by purchasing 13,142 company shares during the most recent quarter which is valued at $250,224. Hewlett Packard Enterprise Co makes up approx 0.10% of Summit Financial Wealth Advisors’s portfolio. Integrated Investment Consultants sold out all of its stake in HPE during the most recent quarter. The investment firm sold 8,350 shares of HPE which is valued $151,970.

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 Deutsche Bank on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .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 .

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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