Finance

Analyzing the Insider Data for Hewlett Packard Enterprise Company (HPE)

Recent insider trends for Hewlett Packard Enterprise Company (NYSE:HPE) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. HPE’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 84.94% of Hewlett Packard Enterprise Company (HPE)’s shares. The total value of these holdings, in millions, is $19,075. Among active positions in the latest quarter, 265 holders increased their positions by a total of 128.19 million shares, 345 holders decreased the positions by a total of 112.39 million shares, and 159 holders held their positions. This works out to a net increase in ownership of 15.81 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 41 holders initiated new positions by a total of 13.8 million shares and 73 holders exited their positions by a total of 36.27 million shares. This nets out to a decrease of 22.47 million shares and is another bearish sign for HPE.

In the last three months, insiders executed a total of 36 trades. 11 of these were buys and 25 were sells. Insider ownership decreased by a total of 2.37 million shares, which suggests that HPE’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 33 buys and 95 sells, and ownership decreased by a net of 7.31 million shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Hewlett Packard Enterprise Company (NYSE:HPE)’s short interest is 37.63 million shares, or % of the float. This represents a decrease of -14% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HPE is a Weak buy, which implies that HPE is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Hewlett Packard Enterprise Company (NYSE:HPE) is undervalued.

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