Market Monitor: SuperTrend Line Below Share Price: Hewlett-Packard Company (HPQ)

Westside Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 1.5% during the second quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HPE. Harfst & Associates Inc. purchased a new position in Hewlett Packard Enterprise in the first quarter valued at $127,000. After a recent spot-check, the stock has touched $14.89 which represents a change from the open of 1.64%. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company's stock valued at $152,000 after purchasing an additional 43 shares during the period. Jana Partners LLC increased its position in Hewlett Packard Enterprise by 68.2% in the third quarter. Raymond James initiated Hewlett Packard Enterprise Co (NYSE:HPE) on Wednesday, November 18 with "Mkt Perform" rating. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 56.74% since October 14, 2016 and is uptrending. The Holowesko Partners Ltd holds 2.77M shares with $67.08M value, up from 2.45 million last quarter. Finally, Eagle Global Advisors LLC increased its position in Hewlett Packard Enterprise by 5.4% in the third quarter. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion.

If we checked the overall image of stock during recent quarter then we found that stock performance is trading up 10.99%.

The 14-day ADX for Hewlett-Packard Company (HPQ) is now 41.79. Hewlett Packard Enterprise had 41 analyst reports since November 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with "Hold" rating and $20.0 target in Thursday, August 31 report. On Wednesday, August 23 the stock rating was initiated by Loop Capital with "Hold". Maxim Group reinitiated the stock with "Hold" rating in Friday, July 14 report. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Hewlett-Packard Company (HPQ) has a 14-day RSI of 83.96, the 7-day is at 90.65, and the 3-day is resting at 94.69. The volume of HPE witnessed a shift from 9.58 million shares, based on a 50-day average, to 13.76 million shares. During the last 52 weeks, the price has been as high as $15.12 and as low as $12.26. The stock has advanced 20.70% to a low over the previous 12 months and showed declining move -2.12% to a high over the same period.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The business's revenue was up 2.5% on a year-over-year basis. They expect $0.28 EPS, down 54.10% or $0.33 from last year's $0.61 per share.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were issued a $0.065 dividend. The ex-dividend date was Tuesday the 12th of September 2017. This represents a $0.26 annualized dividend and a yield of 1.75%.

In other news, CEO Margaret C. Whitman sold 389,651 shares of the company's stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael G. Nefkens sold 831,311 shares of the firm's stock in a transaction on Friday, March 10th. Following the completion of the transaction, the chief executive officer now owns 1,157,250 shares of the company's stock, valued at $20,217,157.50. Westside Investment Management Inc. now owns 17,432 shares of the technology company's stock worth $292,000 after acquiring an additional 250 shares during the period. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark legislation.

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