Deutsche Bank AG Reduces Stock Holdings in HP Inc. (NYSE:HPQ)

Deutsche Bank AG decreased its stake in HP Inc. (NYSE:HPQ - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,051,409 shares of the computer maker's stock after selling 196,042 shares during the quarter. Deutsche Bank AG owned about 0.86% of HP worth $262,717,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HPQ. Geode Capital Management LLC lifted its holdings in HP by 2.3% during 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of HP by 4.2% in the fourth quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock valued at $482,164,000 after purchasing an additional 592,391 shares during the period. Northern Trust Corp grew its stake in HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after purchasing an additional 1,755,942 shares in the last quarter. Invesco Ltd. increased its holdings in HP by 7.3% during the 4th quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock worth $310,351,000 after purchasing an additional 643,192 shares during the period. Finally, Norges Bank purchased a new stake in shares of HP in the 4th quarter worth $229,320,000. Institutional investors own 77.53% of the company's stock.

HP Stock Down 0.3%

Shares of NYSE HPQ traded down $0.09 during midday trading on Wednesday, hitting $28.69. The stock had a trading volume of 3,134,966 shares, compared to its average volume of 7,852,069. The stock has a 50 day simple moving average of $26.18 and a 200-day simple moving average of $31.45. The company has a market capitalization of $27.05 billion, a PE ratio of 10.21, a P/E/G ratio of 2.96 and a beta of 1.32. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80.

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, hitting analysts' consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. As a group, analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

HPQ has been the subject of a number of research reports. Loop Capital lowered their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. 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 HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. 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 report on Thursday, April 17th. Finally, Citigroup dropped their target price on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.