HP Inc. (NYSE:HPQ) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,669 shares of the computer maker’s stock after selling 4,514 shares during the period. Retirement Systems of Alabama’s holdings in HP were worth $5,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in HP by 3.9% during the third quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock worth $76,229,000 after acquiring an additional 112,427 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in HP by 23.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock worth $545,000 after acquiring an additional 4,054 shares during the period. Alaska Permanent Fund Corp boosted its position in HP by 1.4% during the fourth quarter. Alaska Permanent Fund Corp now owns 79,291 shares of the computer maker’s stock worth $2,386,000 after purchasing an additional 1,091 shares in the last quarter. Wealthfront Advisers LLC boosted its position in HP by 8.8% during the third quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock worth $1,608,000 after purchasing an additional 5,064 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in HP by 87.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock worth $22,960,000 after purchasing an additional 358,231 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

NYSE HPQ opened at $28.18 on Monday. The company has a market cap of $27.64 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The stock’s 50 day simple moving average is $29.20 and its 200-day simple moving average is $28.92. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that HP Inc. will post 3.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on HPQ shares. Barclays increased their price target on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. HSBC upgraded HP from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. Finally, StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HP has an average rating of “Moderate Buy” and an average target price of $33.11.

Insider Buying and Selling

In related news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the transaction, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other HP news, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is owned by corporate insiders.

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.