Saturday, June 25, 2022

Selling Buzz: Hewlett Packard Enterprise Company [HPE] EVP, GM, Storage Black Thomas E Jr sells 28,347 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hewlett Packard Enterprise Company shares valued at $432,578 were sold by Black Thomas E Jr on Jun 07. At $15.26 per share, Black Thomas E Jr sold 28,347 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, MAY ALAN RICHARD sold 94,705 shares, netting a total of over 1,428,095 in proceeds. Following the sale of shares at $15.08 each, the insider now holds 310,500 shares.

Before that, Hotard Justin had sold 6,359 shares from its account. In a trade valued at $108,039, the EVP, GM, HPC and AI traded Hewlett Packard Enterprise Company shares for $16.99 each. Upon closing the transaction, the insider’s holdings decreased to 6,359 shares, worth approximately $0.19 million.

As published in a research note from Deutsche Bank on June 14, 2022, Hewlett Packard Enterprise Company [HPE] has been rated down from a Buy to a Hold and the price target has been revised to $16 from $18. This represents a 14.19% premium over Wednesday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of April 12, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for HPE. Earlier on March 02, 2022, Bernstein upgraded its rating. Their new recommendation was “an Outperform” for HPE stock which previously was a “a Mkt perform”.

Analyzing HPE’s Price Performance

On Wednesday, Hewlett Packard Enterprise Company [NYSE: HPE] plunged -1.22% to $13.73. The stock’s lowest price that day was $13.625, but it reached a high of $13.865 in the same session. During the last five days, there has been a surge of approximately 0.44%. Over the course of the year, Hewlett Packard Enterprise Company shares have dropped approximately -12.94%. Shares of the company reached a 52-week high of $17.76 on 02/10/22 and a 52-week low of $13.17 on 06/17/22. A 50-day SMA is recorded $15.24, while a 200-day SMA reached $15.56. Nevertheless, trading volume fell to 8.18 million shares from 10.03 million shares the previous day.

Support And Resistance Levels for Hewlett Packard Enterprise Company (HPE)

According to the 24-hour chart, there is a support level at 13.61, which, if violated, would cause prices to drop to 13.50. In the upper region, resistance lies at 13.85. The next price resistance is at 13.98. RSI (Relative Strength Index) is 39.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 75.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Hewlett Packard Enterprise Company subject to short interest?

Stocks of Hewlett Packard Enterprise Company saw a sharp steep in short interest on Apr 28, 2022 dropping by -4.2 million shares to 29.71 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 33.91 million shares. A decline of -14.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.34 of the overall float, the days-to-cover ratio (short ratio) decline to 3.34.

Which companies own the most shares of Hewlett Packard Enterprise Company (HPE)?

According to The Vanguard Group, Inc. filings, the company currently owns 147,265,018 shares, which is about 11.33% of the total HPE shares outstanding. The investor’s shares have appreciated by 1,963,054 from its previous 13-F filing of 145301964.0 shares. With the completion of the sale, Dodge & Cox’s stake is now worth $1,623,608,594. BlackRock Fund Advisors reduced a -6.78% interest valued at $1.21 billion while SSgA Funds Management, Inc. purchased a 1,959,250 stake. A total of -987,980 shares of Hewlett Packard Enterprise Company were bought by PRIMECAP Management Co. during the quarter, and -5,354,408 were sold by Pzena Investment Management LLC. In its current portfolio, Geode Capital Management LLC holds 25,753,476 shares valued at $401.75 million.

In terms of Hewlett Packard Enterprise Company share price expectations, FactSet research, analysts set an average price target of $17.26 in the next 12 months, up nearly 21.58% from the previous closing price of $13.90. Analysts anticipate Hewlett Packard Enterprise Company stock to reach $21.00 by 2022, with the lowest price target being $13.00. In spite of this, 21 analysts ranked Hewlett Packard Enterprise Company stock as a Hold at the end of 2022. On January 04, 2022, Barclays assigned a price target of “an Overweight” to the stock and upgraded coverage with a $20.

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