This article first appeared on GuruFocus.
Twenty-five ETFs were buying Hewlett Packard Enterprise (HPE) versus 7 selling on Wednesday, Oct. 14, but the sellers moved more money, leaving net ETF selling of $24.3 million. More funds traded the other way, though in smaller amounts. The move snapped a run of four straight days of net buying, including $3.4 million on Oct. 13, $11.9 million on Oct. 12, $3.9 million on Oct. 8 and $2.3 million on Oct. 7.
Every ETF and guru trade in HPE is tracked on the HPE guru trades page.
Which ETFs sold HPE on Wednesday?
The largest sellers by dollar value were JAVA ($40.3 million), TECL ($0.6 million) and XLK ($0.2 million). In all, 25 ETFs added shares and 7 cut them.
JAVA led the selling with a $40.3 million reduction, cutting its stake by 48.87% to 668,852 shares at a 0.63% weight. TECL sold $0.6 million, XLK $0.2 million and SPMO $0.1 million, while IWB and SPXL each trimmed less than $0.1 million. ESGV and CGBL were the notable buyers, though their additions were under $0.1 million. Hewlett Packard Enterprise is a Technology company in the Communication Equipment industry with a market cap of $77.8 billion.
Have ETFs been buying or selling HPE lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.
What does HPE do?
Hewlett Packard Enterprise is a global edge-to-cloud technology company providing servers, networking, storage, and services to enterprises and governments. Its Server segment spans industry-standard compute and AI systems, where liquid-cooled supercomputing expertise from Cray underpins large AI cluster deployments for sovereign and enterprise customers.
Hewlett Packard Enterprise reported trailing-12-month revenue of $41.89 billion, up 22.4% over one year, with a 33.8% gross margin and a 6.7% net margin. Its P/E is 30.57, P/B is 2.94 and P/S is 1.96, while the GF Score is 70 and GF Value of $28.46 sits below the $58.63 price. The dividend yield is 1.02% and the stock is up 146.99% year to date.