DekaBank Deutsche Girozentrale Acquires 358,231 Shares of HP Inc. (NYSE:HPQ)

DekaBank Deutsche Girozentrale boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 87.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 765,799 shares of the computer maker's stock after purchasing an additional 358,231 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.08% of HP worth $22,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. Vanguard Group Inc. lifted its stake in shares of HP by 12.3% in the third quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker's stock worth $3,019,999,000 after buying an additional 12,883,347 shares in the last quarter. Geode Capital Management LLC raised its position in HP by 2.2% in the first quarter. Geode Capital Management LLC now owns 19,387,223 shares of the computer maker's stock worth $568,395,000 after acquiring an additional 421,075 shares during the period. Morgan Stanley raised its position in HP by 22.5% in the fourth quarter. Morgan Stanley now owns 14,639,525 shares of the computer maker's stock worth $393,364,000 after acquiring an additional 2,686,976 shares during the period. Moneta Group Investment Advisors LLC raised its position in HP by 114,461.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker's stock worth $310,043,000 after acquiring an additional 11,528,558 shares during the period. Finally, Northern Trust Corp raised its position in HP by 6.2% in the third quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker's stock worth $260,381,000 after acquiring an additional 589,775 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley raised shares of HP from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $31.00 to $35.00 in a research note on Tuesday, December 12th. HSBC raised shares of HP from a "hold" rating to a "buy" rating and increased their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Evercore ISI raised shares of HP from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $33.00 to $40.00 in a research note on Monday, December 11th. StockNews.com cut shares of HP from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 1st. Finally, Barclays increased their price objective on shares of HP from $22.00 to $24.00 and gave the stock an "underweight" rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, HP currently has a consensus rating of "Moderate Buy" and an average target price of $33.11.

Insiders Place Their Bets

In other news, Director Robert R. Bennett sold 67,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie Liebman sold 8,708 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock valued at $3,479,287 in the last three months. Corporate insiders own 0.41% of the company's stock.

HP Stock Performance

Shares of NYSE:HPQ traded up $0.21 on Monday, reaching $29.33. The company's stock had a trading volume of 5,209,355 shares, compared to its average volume of 8,280,665. HP Inc. has a 52-week low of $25.22 and a 52-week high of $33.90. The company has a market cap of $28.76 billion, a P/E ratio of 8.51, a PEG ratio of 2.43 and a beta of 1.05. The company has a 50-day simple moving average of $29.36 and a 200 day simple moving average of $28.65.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts' consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The business had revenue of $13.19 billion during the quarter, compared to analysts' expectations of $13.56 billion. During the same period last year, the company posted $0.75 EPS. The business's revenue was down 4.4% on a year-over-year basis. On average, equities research analysts forecast that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.2756 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.76%. HP's payout ratio is currently 32.16%.

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.