American Century Companies Inc. Has $143.60 Million Holdings in HP Inc. (HPQ)

American Century Companies Inc. raised its stake in HP Inc. (NYSE:HPQ) by 30.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,572,237 shares of the computer maker’s stock after purchasing an additional 1,308,562 shares during the quarter. American Century Companies Inc. owned 0.35% of HP worth $143,597,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Boston Partners grew its stake in shares of HP by 7.3% in the 2nd quarter. Boston Partners now owns 38,822,978 shares of the computer maker’s stock valued at $880,893,000 after purchasing an additional 2,637,787 shares during the last quarter. Northern Trust Corp boosted its stake in shares of HP by 0.7% in the second quarter. Northern Trust Corp now owns 21,440,019 shares of the computer maker’s stock valued at $486,474,000 after buying an additional 141,712 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HP by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,327,977 shares of the computer maker’s stock valued at $325,104,000 after buying an additional 52,104 shares in the last quarter. LSV Asset Management boosted its stake in shares of HP by 2.4% in the second quarter. LSV Asset Management now owns 13,987,387 shares of the computer maker’s stock valued at $317,373,000 after buying an additional 330,253 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of HP by 17.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,197,267 shares of the computer maker’s stock valued at $185,996,000 after buying an additional 1,207,545 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

HPQ opened at $25.00 on Friday. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.59 and a beta of 1.50. HP Inc. has a one year low of $19.31 and a one year high of $27.08.

HP (NYSE:HPQ) last posted its earnings results on Thursday, August 23rd. The computer maker reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $14.59 billion for the quarter, compared to the consensus estimate of $14.29 billion. HP had a negative return on equity of 130.47% and a net margin of 7.95%. HP’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, equities analysts predict that HP Inc. will post 2.02 EPS for the current year.

A number of analysts recently weighed in on HPQ shares. Zacks Investment Research downgraded HP from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine downgraded HP from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Citigroup lifted their price target on HP to $30.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Maxim Group lifted their price target on HP from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Finally, Morgan Stanley lifted their price target on HP from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 24th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.44.

In other HP news, COO Catherine A. Lesjak sold 693,594 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $25.78, for a total transaction of $17,880,853.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dion J. Weisler sold 86,389 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $24.80, for a total value of $2,142,447.20. Following the sale, the insider now owns 815,945 shares in the company, valued at $20,235,436. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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