Gibraltar Capital Management Lowers stake in Hewlett Packard Enterprise Co (HPE)

Hewlett Packard Enterprise Co (HPE) : Gibraltar Capital Management reduced its stake in Hewlett Packard Enterprise Co by 0.66% during the most recent quarter end. The investment management company now holds a total of 54,925 shares of Hewlett Packard Enterprise Co which is valued at $1,235,813 after selling 365 shares in Hewlett Packard Enterprise Co , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Hewlett Packard Enterprise Co makes up approximately 1.42% of Gibraltar Capital Management’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management reduced its stake in HPE by selling 1,378 shares or 12.29% in the most recent quarter. The Hedge Fund company now holds 9,835 shares of HPE which is valued at $221,288.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.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.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.

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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