Twinbeech Capital LP Makes New $837,000 Investment in HP Inc. (NYSE:HPQ)

Twinbeech Capital LP acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,642 shares of the computer maker's stock, valued at approximately $837,000.

Several other institutional investors and hedge funds have also bought and sold shares of HPQ. Barclays PLC lifted its position in shares of HP by 8.7% during the 3rd quarter. Barclays PLC now owns 2,307,573 shares of the computer maker's stock valued at $82,772,000 after buying an additional 183,741 shares during the last quarter. Advisory Alpha LLC raised its stake in HP by 9.6% in the 4th quarter. Advisory Alpha LLC now owns 11,922 shares of the computer maker's stock valued at $389,000 after acquiring an additional 1,047 shares during the period. Janney Montgomery Scott LLC lifted its holdings in HP by 10.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 235,697 shares of the computer maker's stock valued at $7,691,000 after purchasing an additional 22,139 shares during the last quarter. Donoghue Forlines LLC bought a new position in HP during the fourth quarter worth about $1,475,000. Finally, Montecito Bank & Trust increased its stake in shares of HP by 3.1% in the fourth quarter. Montecito Bank & Trust now owns 27,997 shares of the computer maker's stock worth $914,000 after purchasing an additional 853 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on HPQ shares. TD Cowen dropped their price target on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company increased their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. Evercore ISI reduced their price target on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their target price on HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $33.67.

HP Trading Up 0.9%

Shares of HPQ traded up $0.27 during trading hours on Tuesday, reaching $28.25. 2,217,160 shares of the company's stock traded hands, compared to its average volume of 7,808,439. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock has a market cap of $26.63 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. The firm's 50 day simple moving average is $26.14 and its 200-day simple moving average is $30.91.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $13.35 billion. As a group, analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 annualized dividend and a yield of 4.10%. HP's dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

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.