BNP Paribas Asset Management Holding S.A. Acquires 909,719 Shares of HP Inc. (NYSE:HPQ)

BNP Paribas Asset Management Holding S.A. boosted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 232.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,301,862 shares of the computer maker's stock after purchasing an additional 909,719 shares during the period. BNP Paribas Asset Management Holding S.A. owned about 0.13% of HP worth $39,173,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its stake in shares of HP by 1.4% during the fourth quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker's stock valued at $778,000 after purchasing an additional 362 shares in the last quarter. Salem Investment Counselors Inc. grew its position in HP by 47.9% during the fourth 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 during the period. Massmutual Trust Co. FSB ADV grew its position in HP by 18.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker's stock valued at $73,000 after buying an additional 382 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker's stock valued at $26,000 after purchasing an additional 397 shares during the period. Finally, Gables Capital Management Inc. grew its position in shares of HP by 7.9% in the fourth quarter. Gables Capital Management Inc. now owns 5,450 shares of the computer maker's stock valued at $164,000 after purchasing an additional 400 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert R. Bennett sold 67,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 60,216 shares of the company's stock, valued at approximately $1,807,082.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robert R. Bennett sold 67,000 shares of the 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 sale, the director now directly owns 60,216 shares of the company's stock, valued at approximately $1,807,082.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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. In the last quarter, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HPQ shares. StockNews.com downgraded shares of HP from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 1st. HSBC raised shares of HP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Barclays lifted their target price 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. Finally, Bank of America lifted their target price on shares of HP from $32.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.33.

HP Stock Up 2.0 %

NYSE HPQ traded up $0.63 on Monday, hitting $31.83. 5,590,621 shares of the stock were exchanged, compared to its average volume of 7,624,873. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The company has a market cap of $31.21 billion, a PE ratio of 9.31, a PEG ratio of 2.61 and a beta of 1.06. The company has a 50-day moving average price of $29.34 and a 200-day moving average price of $29.23.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $13.19 billion during 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 firm's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, equities research analysts predict that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 13th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.2756 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.10 dividend on an annualized basis and a yield of 3.46%. HP's payout ratio is currently 32.16%.

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.