Captrust Financial Advisors Buys 26,689 Shares of HP Inc. (NYSE:HPQ)

Captrust Financial Advisors increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,900,839 shares of the computer maker's stock after acquiring an additional 26,689 shares during the quarter. Captrust Financial Advisors owned about 0.20% of HP worth $62,024,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of HP by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after buying an additional 579,525 shares during the period. Amundi lifted its stake in HP by 15.9% in 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock worth $41,391,000 after acquiring an additional 160,268 shares in the last quarter. Oak Thistle LLC raised its holdings in shares of HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock worth $1,132,000 after acquiring an additional 21,805 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in HP in the 4th quarter valued at $36,492,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Price Performance

Shares of HP stock opened at $25.89 on Tuesday. The business has a fifty day simple moving average of $26.61 and a two-hundred day simple moving average of $31.81. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. As a group, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HPQ shares. TD Cowen dropped their price target on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Citigroup reduced their price target on HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company lifted their price objective on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Evercore ISI lowered their price target 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 investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, HP currently has an average rating of "Hold" and a consensus target price of $33.83.

Insider Activity

In related news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the business'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 disclosure for this sale can be found here. 0.38% of the stock is owned by company 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.

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