Adams Asset Advisors Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Adams Asset Advisors reduced its stake in Hewlett Packard Enterprise Co by 0.05% during the most recent quarter end. The investment management company now holds a total of 231,410 shares of Hewlett Packard Enterprise Co which is valued at $5,035,482 after selling 111 shares in Hewlett Packard Enterprise Co , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Hewlett Packard Enterprise Co makes up approximately 0.70% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in HPE in the latest quarter, The investment management firm added 189,320 additional shares and now holds a total of 8,970,074 shares of Hewlett Packard Enterprise Co which is valued at $197,162,227. Hewlett Packard Enterprise Co makes up approx 0.20% of Legal General Group Plc’s portfolio.Nisa Investment Advisors reduced its stake in HPE by selling 5,900 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 718,217 shares of HPE which is valued at $15,786,410. Hewlett Packard Enterprise Co makes up approx 0.21% of Nisa Investment Advisors’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in HPE in the latest quarter, The investment management firm added 108,973 additional shares and now holds a total of 407,040 shares of Hewlett Packard Enterprise Co which is valued at $9,158,400. Hewlett Packard Enterprise Co makes up approx 0.20% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in HPE in the latest quarter, The investment management firm added 1,018 additional shares and now holds a total of 11,990 shares of Hewlett Packard Enterprise Co which is valued at $267,857. Hewlett Packard Enterprise Co makes up approx 0.05% of Advisory Services Network’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. CLSA Initiated Hewlett Packard Enterprise Co on Oct 14, 2016 to “Underperform”, Price Target of the shares are set at $24.Company shares were Reiterated by Mizuho on Sep 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Hewlett Packard Enterprise Co was Downgraded by Wells Fargo to ” Market Perform” on Sep 8, 2016.

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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