BUZZ-Hewlett Packard Enterprise: Q3 beat fails to enthuse

** Hewlett Packard Enterprise's shares gyrating in heavy volume after co's qtrly report fails to move the needle

** Stock swung up and down as much as 2 pct in early trade, last down ~1 pct. Second most active on NYSE as nearly 16 mln shares have changed hands, 1.8x the 30-day avg

** Company reported surprise rise in Q3 revenue, helped by higher sales of its networking equipment

** HPE spun-off its enterprise software businesses to British software company MicroFocus International Plc earlier this month

** At least 12 research analysts cut their price targets to adjust for recent software spin; BofA-ML downgrades stock to "underperform" from "neutral", trims PT to $13 (from $15)

** Co's strategy to help enterprises move to "Hybrid IT" positive longer term, but risk skewed to downside with higher execution risk, likely downside estimate revisions and lack of positive catalysts - BofA-ML analyst Wamsi Mohan writes in note to clients

** BMO sticks with "market perform" drops PT by $3 to $15, saying near-term competitive dynamics, execution risk, and long-term secular challenges remain

** 10 of 26 brokerages rate the stock "buy" or higher, 14 "hold" and 2 "sell"; median PT $16, down 20 pct from three months prior

** Meanwhile, CEO Meg Whitman said on CNBC before markets opened that she has "no plans to leave HPE"

** HPE recently down 1.1 pct at $13.88, trimming YTD gain to 3.2 pct