Alteri Wealth LLC bought a new position in HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,125 shares of the computer maker's stock, valued at approximately $363,000.
A number of other institutional investors and hedge funds also recently modified their holdings of HPQ. Synergy Asset Management LLC purchased a new position in HP in the 4th quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP in the fourth quarter worth approximately $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of HP during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in shares of HP in the 4th quarter valued at approximately $37,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of HP in the 4th quarter valued at approximately $50,000. 77.53% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other HP news, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HPQ. Evercore ISI reduced their price objective on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company upped their price target on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. StockNews.com cut HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Barclays lifted their price target on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, HP presently has an average rating of "Hold" and an average price target of $33.83.
Check Out Our Latest Report on HP
HP Price Performance
HPQ stock traded down $0.22 on Tuesday, reaching $25.68. 5,307,718 shares of the company were exchanged, compared to its average volume of 7,841,861. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock's fifty day moving average price is $26.46 and its 200 day moving average price is $31.77. The firm has a market capitalization of $24.21 billion, a PE ratio of 9.14, a PEG ratio of 2.96 and a beta of 1.32.
HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. As a group, research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.
HP Company Profile
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Free Report)
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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