Securian Asset Management Inc. cut its position in shares of HP Inc. (NYSE:HPQ – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,775 shares of the computer maker’s stock after selling 2,966 shares during the period. Securian Asset Management Inc.’s holdings in HP were worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of HPQ. LSV Asset Management raised its position in shares of HP by 1.0% in the 3rd 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 in the last quarter. UBS Asset Management Americas Inc. raised 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 valued at $205,962,000 after acquiring an additional 990,157 shares during the last quarter. Maj Invest Holding A S acquired a new position in shares of HP during the fourth quarter valued at approximately $175,923,000. Nuveen Asset Management LLC increased its holdings in shares of HP by 5.8% in the third quarter. Nuveen Asset Management LLC now owns 6,266,057 shares of the computer maker’s stock valued at $156,150,000 after purchasing an additional 340,999 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in HP by 21.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 3,444,179 shares of the computer maker’s stock worth $92,132,000 after acquiring an additional 611,938 shares during the period. 79.68% of the stock is owned by institutional investors.
HP Stock Down 0.5 %
Shares of HPQ stock opened at $29.48 on Monday. The firm has a fifty day moving average of $29.07 and a 200-day moving average of $28.41. HP Inc. has a 12-month low of $24.08 and a 12-month high of $40.79. The company has a market capitalization of $29.05 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 3.26 and a beta of 1.00.
Insider Activity at HP
In other news, CEO Enrique Lores sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $29.51, for a total value of $1,121,380.00. Following the transaction, the chief executive officer now owns 766,268 shares in the company, valued at approximately $22,612,568.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Marie Myers sold 7,380 shares of the stock in a transaction dated 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 in the company, valued at $676,495.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Enrique Lores sold 38,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $29.51, for a total transaction of $1,121,380.00. Following the sale, the chief executive officer now owns 766,268 shares of the company’s stock, valued at approximately $22,612,568.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,925 shares of company stock valued at $1,678,337. 0.32% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts recently issued reports on HPQ shares. The Goldman Sachs Group started coverage on HP in a report on Monday, March 20th. They issued a “neutral” rating and a $26.00 target price for the company. StockNews.com began coverage on HP in a report on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet cut HP from a “b-” rating to a “c+” rating in a research report on Tuesday, February 28th. JPMorgan Chase & Co. upgraded HP from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $30.00 to $35.00 in a report on Monday, April 17th. Finally, Bank of America reduced their price target on HP from $27.00 to $26.00 in a research note on Wednesday, March 1st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, HP currently has an average rating of “Hold” and a consensus price target of $29.50.
HP Profile
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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