Choreo LLC Invests $1.36 Million in HP Inc. (NYSE:HPQ)

Choreo LLC acquired a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,652 shares of the computer maker's stock, valued at approximately $1,355,000.

A number of other institutional investors have also made changes to their positions in HPQ. SG Americas Securities LLC lifted its holdings in shares of HP by 9.6% in the third quarter. SG Americas Securities LLC now owns 43,746 shares of the computer maker's stock valued at $1,124,000 after purchasing an additional 3,827 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in HP by 9.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 278,799 shares of the computer maker's stock worth $7,165,000 after buying an additional 23,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of HP by 6.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 90,200 shares of the computer maker's stock valued at $2,318,000 after purchasing an additional 5,750 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of HP by 5.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,196,164 shares of the computer maker's stock valued at $56,441,000 after purchasing an additional 115,796 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of HP by 1.8% in the third quarter. Xponance Inc. now owns 215,025 shares of the computer maker's stock valued at $5,526,000 after purchasing an additional 3,868 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Down 1.2 %

Shares of HP stock traded down $0.34 during trading on Wednesday, hitting $27.75. The stock had a trading volume of 6,137,213 shares, compared to its average volume of 7,900,184. The firm has a market cap of $27.22 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 2.36 and a beta of 1.05. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90. The business's 50-day moving average is $29.26 and its 200 day moving average is $28.90.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The firm had revenue of $13.19 billion for the quarter, compared to analysts' expectations of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, equities analysts expect that HP Inc. will post 3.42 EPS for the current year.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 8,708 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert R. Bennett sold 67,000 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was 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 have sold a total of 116,723 shares of company stock valued at $3,479,287 over the last 90 days. 0.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HPQ. Barclays increased their price target on HP from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Thursday, February 29th. StockNews.com cut HP from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 1st. Finally, HSBC upgraded HP from a "hold" rating to a "buy" rating and increased their price target for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, HP has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

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.