Quantinno Capital Management LP Has $4.28 Million Holdings in HP Inc. (NYSE:HPQ)

Quantinno Capital Management LP decreased its position in HP Inc. (NYSE:HPQ - Free Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,034 shares of the computer maker's stock after selling 9,163 shares during the quarter. Quantinno Capital Management LP's holdings in HP were worth $4,276,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HPQ. West Paces Advisors Inc. boosted its holdings in HP by 3.2% in the 4th quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after purchasing an additional 298 shares during the period. TIAA Trust National Association boosted its stake in shares of HP by 1.8% in the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after buying an additional 302 shares during the period. HBK Sorce Advisory LLC grew its position in HP by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock worth $374,000 after buying an additional 306 shares in the last quarter. Auxano Advisors LLC increased its stake in HP by 3.7% during the 4th quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock worth $282,000 after acquiring an additional 310 shares during the period. Finally, Pinnacle Financial Partners Inc raised its holdings in HP by 2.7% in the 4th quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock valued at $400,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

Insider Buying and Selling

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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the 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 sale, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. This represents a 99.22% decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HPQ shares. Wells Fargo & Company increased their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Evercore ISI dropped their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Morgan Stanley cut their price target on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Loop Capital decreased their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $34.17.

HP Stock Up 1.9%

Shares of HPQ opened at $29.34 on Monday. The stock has a market cap of $27.65 billion, a PE ratio of 10.44, a PEG ratio of 2.96 and a beta of 1.32. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80. The business has a 50-day simple moving average of $26.14 and a two-hundred day simple moving average of $31.25.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.95%. HP's payout ratio is 41.37%.

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.

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