Raine Capital Exits Position in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Raine Capital has sold out all of its stake in Hewlett Packard Enterprise Co during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 100,000 shares of Hewlett Packard Enterprise Co which is valued at $2,189,000.

Other Hedge Funds, Including , Colony Group sold out all of its stake in HPE during the most recent quarter. The investment firm sold 400 shares of HPE which is valued $8,756. Bailard sold out all of its stake in HPE during the most recent quarter. The investment firm sold 15,520 shares of HPE which is valued $338,026.Retirement Systems Of Alabama boosted its stake in HPE in the latest quarter, The investment management firm added 388,069 additional shares and now holds a total of 2,898,919 shares of Hewlett Packard Enterprise Co which is valued at $58,993,002. Hewlett Packard Enterprise Co makes up approx 0.33% of Retirement Systems Of Alabama’s portfolio.Burt Wealth Advisors reduced its stake in HPE by selling 500 shares or 49.95% in the most recent quarter. The Hedge Fund company now holds 501 shares of HPE which is valued at $10,045. Hewlett Packard Enterprise Co makes up approx 0.01% of Burt Wealth Advisors’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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