Redwood Capital Management Exits Position in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Redwood Capital Management 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 50,000 shares of Hewlett Packard Enterprise Co which is valued at $1,094,500.

Other Hedge Funds, Including , Atlantic Investment Management reduced its stake in HPE by selling 210,877 shares or 27.27% in the most recent quarter. The Hedge Fund company now holds 562,373 shares of HPE which is valued at $12,310,345. Hewlett Packard Enterprise Co makes up approx 1.32% of Atlantic Investment Management’s portfolio.Nomura Asset Management Co Ltd reduced its stake in HPE by selling 3,600 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 270,860 shares of HPE which is valued at $5,929,125. Hewlett Packard Enterprise Co makes up approx 0.11% of Nomura Asset Management Co Ltd’s portfolio.Sandy Spring Bank reduced its stake in HPE by selling 1,393 shares or 47.48% in the most recent quarter. The Hedge Fund company now holds 1,541 shares of HPE which is valued at $33,363.Ropes Wealth Advisors boosted its stake in HPE in the latest quarter, The investment management firm added 195 additional shares and now holds a total of 7,977 shares of Hewlett Packard Enterprise Co which is valued at $173,739. Hewlett Packard Enterprise Co makes up approx 0.06% of Ropes Wealth Advisors’s portfolio. Rothschild Asset Management Inc added HPE to its portfolio by purchasing 193,071 company shares during the most recent quarter which is valued at $4,152,957. Hewlett Packard Enterprise Co makes up approx 0.07% of Rothschild Asset Management Inc’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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