Gotham Asset Management LLC Has $20.86 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Gotham Asset Management LLC raised its holdings in HP Inc. (NYSE:HPQ - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 639,423 shares of the computer maker's stock after acquiring an additional 122,289 shares during the quarter. Gotham Asset Management LLC owned approximately 0.07% of HP worth $20,864,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Synergy Asset Management LLC acquired a new stake in HP during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP during the fourth quarter worth $36,000. OFI Invest Asset Management acquired a new position in HP in the fourth quarter valued at $37,000. Finally, CoreCap Advisors LLC grew its holdings in HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after acquiring an additional 587 shares during the period. Institutional investors own 77.53% of the company's stock.

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction dated Monday, March 24th. The shares were 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. Insiders own 0.38% of the company's stock.

HP Stock Up 0.5 %

Shares of HP stock opened at $26.45 on Friday. The company has a market cap of $24.93 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The business has a 50 day moving average price of $26.23 and a 200-day moving average price of $31.59.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business 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%. As a group, research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HPQ. Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Morgan Stanley reduced their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. StockNews.com downgraded shares of HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Citigroup decreased their price target on shares of HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, HP currently has an average 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.

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