Keybank National Association OH lifted its stake in HP Inc. (NYSE:HPQ) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,744 shares of the computer maker’s stock after buying an additional 8,418 shares during the period. Keybank National Association OH’s holdings in HP were worth $4,668,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CKW Financial Group lifted its stake in shares of HP by 39.1% in the second quarter. CKW Financial Group now owns 6,050 shares of the computer maker’s stock valued at $126,000 after buying an additional 1,700 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in HP by 22.7% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,735 shares of the computer maker’s stock worth $493,000 after purchasing an additional 4,392 shares in the last quarter. Rothschild Investment Corp IL acquired a new position in HP in the third quarter worth about $265,000. Eaton Vance Management raised its position in HP by 5.2% in the second quarter. Eaton Vance Management now owns 195,969 shares of the computer maker’s stock worth $4,074,000 after purchasing an additional 9,628 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its position in HP by 378.6% in the second quarter. Berman Capital Advisors LLC now owns 2,034 shares of the computer maker’s stock worth $42,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors and hedge funds own 79.84% of the company’s stock.
Several research analysts recently issued reports on the stock. Goldman Sachs Group lowered shares of HP from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $18.00 to $14.00 in a research report on Thursday, October 10th. Morgan Stanley dropped their price target on shares of HP from $21.00 to $20.00 and set a “weight” rating for the company in a research report on Friday, October 4th. Bank of America dropped their price target on shares of HP from $17.00 to $16.00 and set an “underperform” rating for the company in a research report on Friday, October 4th. Zacks Investment Research lowered shares of HP from a “hold” rating to a “sell” rating and set a $21.00 price target for the company. in a research report on Thursday. Finally, Loop Capital lowered shares of HP from a “buy” rating to a “hold” rating and dropped their price target for the stock from $21.00 to $19.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.80.
Shares of NYSE HPQ traded up $0.13 during mid-day trading on Friday, hitting $19.52. 21,217,413 shares of the stock were exchanged, compared to its average volume of 11,513,799. The company has a market cap of $28.47 billion, a P/E ratio of 9.66, a PEG ratio of 3.60 and a beta of 1.41. The stock’s fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $19.24. HP Inc. has a twelve month low of $15.93 and a twelve month high of $25.49.
HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, August 22nd. The computer maker reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $14.60 billion during the quarter, compared to analyst estimates of $14.58 billion. HP had a net margin of 7.18% and a negative return on equity of 265.02%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. Analysts forecast that HP Inc. will post 2.21 EPS for the current year.
In other news, insider Dion J. Weisler sold 437,171 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $18.01, for a total transaction of $7,873,449.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.
HP Company 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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