Castlekeep Investment Advisors LLC Takes Position in HP Inc. (NYSE:HPQ)

Castlekeep Investment Advisors LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,713,597 shares of the computer maker's stock, valued at approximately $55,915,000. Castlekeep Investment Advisors LLC owned about 0.18% of HP as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of HP during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP in the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of HP during the fourth quarter valued at $36,000. OFI Invest Asset Management purchased a new stake in shares of HP during the fourth quarter valued at $37,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in HP in the 4th quarter worth about $50,000. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. Evercore ISI lowered 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. StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, TD Cowen reduced their target price on HP from $39.00 to $38.00 and set a "hold" rating on the stock 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.83.

Insider Activity

In related news, insider Stephanie Liebman sold 15,646 shares of the business's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at approximately $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. Insiders own 0.38% of the company's stock.

HP Stock Performance

NYSE:HPQ opened at $25.96 on Monday. The firm has a market capitalization of $24.47 billion, a PE ratio of 9.24, a PEG ratio of 2.96 and a beta of 1.09. The stock's fifty day moving average is $26.77 and its 200 day moving average is $31.89. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share 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 the consensus estimate of $13.35 billion. Equities analysts forecast that HP Inc. will post 3.56 EPS for the current year.

About HP

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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