HP Inc. (NYSE:HPQ) Shares Sold by DME Capital Management LP

DME Capital Management LP reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,110,680 shares of the computer maker's stock after selling 1,420,210 shares during the quarter. HP accounts for about 3.5% of DME Capital Management LP's investment portfolio, making the stock its 9th biggest holding. DME Capital Management LP owned 0.23% of HP worth $68,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after purchasing an additional 579,525 shares during the period. Amundi grew its holdings 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 purchasing an additional 899,349 shares during the period. Principal Financial Group Inc. grew its holdings in HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock valued at $41,391,000 after purchasing an additional 160,268 shares during the period. Oak Thistle LLC grew its holdings in HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock valued at $1,132,000 after purchasing an additional 21,805 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of HP during the 4th quarter valued at $36,492,000. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HPQ shares. Morgan Stanley decreased their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company upped their price target on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and an average price target of $33.83.

Insider Buying and Selling at HP

In related news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction 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 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 SEC, which is available at this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the 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. Company insiders own 0.38% of the company's stock.

HP Stock Performance

HPQ stock traded up $0.46 on Tuesday, hitting $28.72. 3,120,808 shares of the company's stock were exchanged, compared to its average volume of 7,845,555. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80. The firm has a 50 day moving average price of $26.21 and a two-hundred day moving average price of $31.47. The stock has a market cap of $27.07 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

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