Corebridge Financial Inc. Has $10.80 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Corebridge Financial Inc. lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 505,952 shares of the technology company’s stock after selling 15,185 shares during the quarter. Corebridge Financial Inc.’s holdings in Hewlett Packard Enterprise were worth $10,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HPE. Quest Partners LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at about $50,000. Cerity Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise by 104.7% in the third quarter. Cerity Partners LLC now owns 302,202 shares of the technology company’s stock worth $6,184,000 after acquiring an additional 154,563 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $155,000. Daiwa Securities Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 10.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock valued at $3,368,000 after purchasing an additional 16,205 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Hewlett Packard Enterprise by 211.1% during the 3rd quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock worth $695,000 after purchasing an additional 23,053 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.7 %

NYSE:HPE opened at $16.08 on Thursday. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The firm’s fifty day moving average is $19.85 and its 200-day moving average is $20.45. The firm has a market cap of $21.12 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analysts Set New Price Targets

A number of analysts have weighed in on HPE shares. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Barclays dropped their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Finally, Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.