Boothbay Fund Management LLC Makes New Investment in HP Inc. (NYSE:HPQ)

Boothbay Fund Management LLC purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,308 shares of the computer maker's stock, valued at approximately $369,000.

Several other institutional investors have also recently modified their holdings of HPQ. Geode Capital Management LLC raised its stake in shares of HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after acquiring an additional 579,525 shares in the last quarter. Amundi boosted its position in HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after buying an additional 899,349 shares during the period. Principal Financial Group Inc. increased its holdings in shares of HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock worth $41,391,000 after buying an additional 160,268 shares during the period. Oak Thistle LLC lifted its stake in shares of HP by 169.3% in the 4th quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock valued at $1,132,000 after acquiring an additional 21,805 shares during the last quarter. Finally, Tidal Investments LLC grew its position in HP by 47.5% during the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock worth $5,259,000 after acquiring an additional 47,230 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Down 0.2 %

NYSE:HPQ traded down $0.06 during trading hours on Monday, reaching $25.89. 4,577,264 shares of the company traded hands, compared to its average volume of 7,838,048. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The stock has a market capitalization of $24.41 billion, a P/E ratio of 9.21, a P/E/G ratio of 2.96 and a beta of 1.09. The business's 50-day moving average price is $26.77 and its two-hundred day moving average price is $31.89.

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 the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. As a group, equities analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Loop Capital dropped their price objective on HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. StockNews.com downgraded shares of HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Evercore ISI cut their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $33.83.

Insider Buying and Selling

In other HP news, 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 transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares of the company's stock, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently 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.