LSV Asset Management Sells 253,959 Shares of HP Inc. (NYSE:HPQ)

LSV Asset Management lessened its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,271,291 shares of the computer maker's stock after selling 253,959 shares during the period. HP makes up approximately 0.8% of LSV Asset Management's holdings, making the stock its 26th largest position. LSV Asset Management owned 1.24% of HP worth $369,243,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HPQ. Rosenberg Matthew Hamilton lifted its position in shares of HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker's stock worth $26,000 after acquiring an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in HP during the fourth quarter worth $28,000. Janiczek Wealth Management LLC increased its holdings in HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker's stock valued at $32,000 after buying an additional 566 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of HP in the 4th quarter valued at $34,000. Finally, Salem Investment Counselors Inc. raised its stake in shares of HP by 47.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker's stock valued at $36,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Buying and Selling at HP

In other HP 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link. Also, insider Stephanie Liebman sold 8,708 shares of HP 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. In the last 90 days, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is currently owned by corporate insiders.

HP Stock Up 0.9 %

HPQ traded up $0.24 during trading on Friday, hitting $28.18. The company's stock had a trading volume of 6,648,423 shares, compared to its average volume of 6,200,519. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The firm's 50 day moving average price is $29.20 and its two-hundred day moving average price is $28.92. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.81. The business had revenue of $13.19 billion during the quarter, compared to analysts' expectations of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts forecast that HP Inc. will post 3.42 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.