Qsemble Capital Management LP Takes $2.01 Million Position in HP Inc. (NYSE:HPQ)

Qsemble Capital Management LP purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 66,852 shares of the computer maker's stock, valued at approximately $2,012,000.

Other institutional investors have also recently made changes to their positions in the company. Gateway Advisory LLC purchased a new stake in HP in the fourth quarter valued at $206,000. Evergreen Wealth Solutions LLC raised its position in HP by 14.3% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 9,045 shares of the computer maker's stock valued at $272,000 after purchasing an additional 1,131 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in HP by 130.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 10,039 shares of the computer maker's stock valued at $302,000 after purchasing an additional 5,688 shares during the period. BNP Paribas Financial Markets raised its position in HP by 77.7% in the fourth quarter. BNP Paribas Financial Markets now owns 1,836,083 shares of the computer maker's stock valued at $55,248,000 after purchasing an additional 802,869 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of HP by 554.3% in the 4th quarter. Teacher Retirement System of Texas now owns 574,625 shares of the computer maker's stock valued at $17,290,000 after buying an additional 486,799 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

HP Trading Up 0.2 %

Shares of NYSE HPQ traded up $0.07 during trading hours on Friday, reaching $29.72. The stock had a trading volume of 4,973,216 shares, compared to its average volume of 6,252,273. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 2.49 and a beta of 1.06. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The firm has a 50-day moving average of $29.23 and a 200-day moving average of $29.00.

HP (NYSE:HPQ - Get Free Report) last announced its 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 firm 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 business's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities analysts predict that HP Inc. will post 3.42 EPS for the current year.

Insider Activity at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares of the company's stock, valued at approximately $1,642,381.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now owns 56,169 shares of the company's stock, valued at $1,642,381.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the 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 a total of 116,723 shares of company stock valued at $3,479,287 in the last three months. 0.41% of the stock is currently owned by company insiders.

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.