Sterling Capital Management LLC Has $2.45 Million Stake in HP Inc. (NYSE:HPQ)

Sterling Capital Management LLC raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,066 shares of the computer maker's stock after purchasing an additional 14,648 shares during the period. Sterling Capital Management LLC's holdings in HP were worth $2,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPQ. Synergy Asset Management LLC acquired a new stake in HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter worth approximately $31,000. OFI Invest Asset Management acquired a new stake in shares of HP during the 4th quarter worth approximately $37,000. Wingate Wealth Advisors Inc. acquired a new position in shares of HP in the fourth quarter valued at $50,000. Finally, Summit Securities Group LLC bought a new position in HP in the fourth quarter worth $55,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on 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. 0.38% of the stock is owned by corporate insiders.

HP Trading Up 1.3 %

NYSE HPQ traded up $0.30 on Friday, hitting $23.77. 6,784,568 shares of the company were exchanged, compared to its average volume of 7,847,123. The company has a market cap of $22.41 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The firm has a 50 day moving average of $28.56 and a two-hundred day moving average of $32.74.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 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 for the quarter, compared to analysts' expectations of $13.35 billion. Research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Wednesday, March 12th. HP's dividend payout ratio (DPR) is presently 41.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HPQ shares. JPMorgan Chase & Co. dropped their price objective on shares of HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday. Wells Fargo & Company raised their price target on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Morgan Stanley lowered their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Barclays raised their target price on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, TD Cowen lowered their price target on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, HP currently has an average rating of "Hold" and an average price target of $34.00.

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.