AQR Capital Management LLC Acquires 354,843 Shares of HP Inc. (NYSE:HPQ)

AQR Capital Management LLC raised its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,084,465 shares of the computer maker's stock after purchasing an additional 354,843 shares during the quarter. AQR Capital Management LLC owned 0.44% of HP worth $133,276,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Barclays PLC raised its holdings in HP by 8.7% in the 3rd quarter. Barclays PLC now owns 2,307,573 shares of the computer maker's stock worth $82,772,000 after acquiring an additional 183,741 shares during the last quarter. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of HP by 3.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 161,418 shares of the computer maker's stock valued at $5,757,000 after purchasing an additional 5,360 shares in the last quarter. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of HP during the third quarter valued at $237,000. World Investment Advisors LLC bought a new stake in HP in the 3rd quarter worth about $324,000. Finally, Arvest Bank Trust Division purchased a new position in HP in the 3rd quarter worth about $11,745,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Loop Capital decreased their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Citigroup reduced their price objective on HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Evercore ISI cut their price target on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Monday. Morgan Stanley dropped their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company increased their price target on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, HP presently has an average rating of "Hold" and a consensus price target of $33.83.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the firm's 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.

HP Trading Up 2.2 %

HP stock traded up $0.57 during mid-day trading on Friday, hitting $25.96. The stock had a trading volume of 5,645,989 shares, compared to its average volume of 7,846,323. The firm's 50 day moving average is $26.77 and its 200 day moving average is $31.97. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The firm has a market capitalization of $24.47 billion, a P/E ratio of 9.24, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $13.35 billion. As a group, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Company 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.