Signaturefd LLC raised its position in shares of HP Inc. (NYSE:HPQ – Get Rating) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,162 shares of the computer maker’s stock after acquiring an additional 793 shares during the period. Signaturefd LLC’s holdings in HP were worth $461,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of HP by 1.0% during the third quarter. LSV Asset Management now owns 14,165,046 shares of the computer maker’s stock worth $352,993,000 after acquiring an additional 139,712 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of HP by 13.6% during the third quarter. UBS Asset Management Americas Inc. now owns 8,264,928 shares of the computer maker’s stock worth $205,962,000 after acquiring an additional 990,157 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of HP by 5.8% during the third quarter. Nuveen Asset Management LLC now owns 6,266,057 shares of the computer maker’s stock worth $156,150,000 after acquiring an additional 340,999 shares during the period. Pacer Advisors Inc. boosted its stake in shares of HP by 41.7% in the third quarter. Pacer Advisors Inc. now owns 4,865,955 shares of the computer maker’s stock valued at $121,260,000 after buying an additional 1,431,079 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of HP by 51.5% in the third quarter. Victory Capital Management Inc. now owns 3,348,120 shares of the computer maker’s stock valued at $83,435,000 after buying an additional 1,138,208 shares during the period. Institutional investors own 79.68% of the company’s stock.
HP Stock Performance
Shares of NYSE:HPQ opened at $29.82 on Friday. The company has a fifty day moving average of $29.02 and a 200-day moving average of $28.21. The company has a market capitalization of $29.38 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 3.31 and a beta of 1.00. HP Inc. has a 52-week low of $24.08 and a 52-week high of $40.79.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on HPQ shares. JPMorgan Chase & Co. boosted their price target on HP from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, March 1st. StockNews.com started coverage on HP in a research note on Thursday, March 16th. They issued a “hold” rating for the company. TheStreet cut HP from a “b-” rating to a “c+” rating in a research note on Tuesday, February 28th. Morgan Stanley boosted their price target on HP from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, February 21st. Finally, The Goldman Sachs Group began coverage on HP in a research note on Monday, March 20th. They issued a “neutral” rating and a $26.00 price target for the company. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.19.
Insider Activity at HP
In related news, CEO Enrique Lores sold 38,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $29.51, for a total value of $1,121,380.00. Following the completion of the sale, the chief executive officer now directly owns 766,268 shares in the company, valued at $22,612,568.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Enrique Lores sold 38,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $29.51, for a total value of $1,121,380.00. Following the completion of the sale, the chief executive officer now directly owns 766,268 shares in the company, valued at $22,612,568.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marie Myers sold 7,380 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $29.87, for a total value of $220,440.60. Following the completion of the sale, the chief financial officer now owns 22,648 shares of the company’s stock, valued at $676,495.76. The disclosure for this sale can be found here. Insiders sold 56,925 shares of company stock worth $1,678,337 over the last three months. Company insiders own 0.32% of the company’s stock.
About HP
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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