Van Strum Towne Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Van Strum Towne reduced its stake in Hewlett Packard Enterprise Co by 1.12% during the most recent quarter end. The investment management company now holds a total of 172,789 shares of Hewlett Packard Enterprise Co which is valued at $3,782,351 after selling 1,960 shares in Hewlett Packard Enterprise Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Hewlett Packard Enterprise Co makes up approximately 2.42% of Van Strum Towne’s portfolio.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in HPE by selling 56,982 shares or 9.56% in the most recent quarter. The Hedge Fund company now holds 539,129 shares of HPE which is valued at $11,801,534. Hewlett Packard Enterprise Co makes up approx 0.15% of Texas Permanent School Fund’s portfolio.Point View Wealth Management reduced its stake in HPE by selling 762 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 50,868 shares of HPE which is valued at $1,114,518. Hewlett Packard Enterprise Co makes up approx 0.66% of Point View Wealth Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in HPE by selling 270 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 4,452 shares of HPE which is valued at $89,263.Davenport Co reduced its stake in HPE by selling 6,920 shares or 12.2% in the most recent quarter. The Hedge Fund company now holds 49,783 shares of HPE which is valued at $970,769. Hewlett Packard Enterprise Co makes up approx 0.01% of Davenport Co’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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