Axa S.A. Sells 225,621 Shares of HP Inc. (NYSE:HPQ)

Axa S.A. cut its position in HP Inc. (NYSE:HPQ - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,711,747 shares of the computer maker's stock after selling 225,621 shares during the quarter. Axa S.A. owned about 0.18% of HP worth $55,854,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HPQ. West Paces Advisors Inc. increased its position in HP by 3.2% during the 4th quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after purchasing an additional 298 shares during the period. TIAA Trust National Association increased its position in shares of HP by 1.8% during the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after buying an additional 302 shares during the period. HBK Sorce Advisory LLC raised its stake in HP by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock worth $374,000 after buying an additional 306 shares in the last quarter. Auxano Advisors LLC lifted its holdings in HP by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock worth $282,000 after buying an additional 310 shares during the period. Finally, Wedmont Private Capital boosted its position in HP by 2.6% during the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock valued at $420,000 after acquiring an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the business'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 transaction of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

HP Price Performance

Shares of NYSE:HPQ opened at $25.96 on Friday. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The company has a market cap of $24.47 billion, a P/E ratio of 9.24, a PEG ratio of 2.96 and a beta of 1.09. The stock's fifty day moving average price is $26.77 and its 200-day moving average price is $31.93.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $13.35 billion. On average, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on HPQ. TD Cowen lowered their target price on HP from $39.00 to $38.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Citigroup reduced their target price on shares of HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company increased 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 lowered shares of HP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Barclays lifted their target price on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.83.

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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