Arvest Bank Trust Division Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Arvest Bank Trust Division reduced its stake in Hewlett Packard Enterprise Co by 0.59% during the most recent quarter end. The investment management company now holds a total of 439,125 shares of Hewlett Packard Enterprise Co which is valued at $9,810,053 after selling 2,590 shares in Hewlett Packard Enterprise Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Hewlett Packard Enterprise Co makes up approximately 0.83% of Arvest Bank Trust Division’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in HPE by selling 20,381 shares or 67.16% in the most recent quarter. The Hedge Fund company now holds 9,966 shares of HPE which is valued at $222,640. Hewlett Packard Enterprise Co makes up approx 0.03% of Simplex Trading’s portfolio.Independent Portfolio Consultants boosted its stake in HPE in the latest quarter, The investment management firm added 5,035 additional shares and now holds a total of 6,665 shares of Hewlett Packard Enterprise Co which is valued at $151,962. Hewlett Packard Enterprise Co makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Summit Financial Wealth Advisors boosted its stake in HPE in the latest quarter, The investment management firm added 18,063 additional shares and now holds a total of 31,205 shares of Hewlett Packard Enterprise Co which is valued at $711,474. Hewlett Packard Enterprise Co makes up approx 0.31% of Summit Financial Wealth Advisors’s portfolio.Washington Trust Bank boosted its stake in HPE in the latest quarter, The investment management firm added 385 additional shares and now holds a total of 3,300 shares of Hewlett Packard Enterprise Co which is valued at $75,240. Hewlett Packard Enterprise Co makes up approx 0.02% of Washington Trust Bank’s portfolio.Beacon Financial Group reduced its stake in HPE by selling 2,477 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 21,253 shares of HPE which is valued at $484,568. Hewlett Packard Enterprise Co makes up approx 0.10% of Beacon Financial Group’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. 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. Company shares were Reiterated by Needham on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

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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