According to the ETF Finder at ETF Channel, CSC makes up 2.43% of the Dynamic Technology Sector Portfolio ETF ( PTF) which is trading lower by about 0.8% on the day Monday.
The stock becomes attractive again at 10% to 15% below where it is now, or when revenue growth picks back up.
HPE's software unit has been in freefall. Offloading a large chunk of it leaves the company in better position to battle Dell and EMC in hardware.
Better-than-expected PC demand could help HP's fiscal third-quarter numbers as the tech behemoth continues its post-spinoff transition.