Eqis Capital Management buys $1,332,774 stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Eqis Capital Management scooped up 460 additional shares in Hewlett Packard Enterprise Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 58,455 shares of Hewlett Packard Enterprise Co which is valued at $1,332,774.Hewlett Packard Enterprise Co makes up approximately 0.08% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , 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.Cacti Asset Management reduced its stake in HPE by selling 5,000 shares or 13.89% in the most recent quarter. The Hedge Fund company now holds 31,000 shares of HPE which is valued at $706,800. Hewlett Packard Enterprise Co makes up approx 0.07% of Cacti Asset Management’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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