Oxford Asset Management LLP Buys Shares of 28,337 HP Inc. (NYSE:HPQ)

Oxford Asset Management LLP purchased a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 28,337 shares of the computer maker's stock, valued at approximately $925,000.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of HP by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after buying an additional 579,525 shares during the last quarter. Amundi grew its position in HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $217,319,000 after acquiring an additional 899,349 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of HP by 16.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock worth $41,391,000 after purchasing an additional 160,268 shares during the last quarter. Oak Thistle LLC raised its holdings in shares of HP by 169.3% during the 4th quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock valued at $1,132,000 after purchasing an additional 21,805 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of HP by 47.5% in the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock valued at $5,259,000 after purchasing an additional 47,230 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HP

In related news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on HPQ shares. Evercore ISI reduced their price target on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday. Citigroup decreased their target price on HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Loop Capital reduced their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. TD Cowen lowered their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Finally, Sanford C. Bernstein boosted their target price on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $33.83.

HP Trading Up 0.4 %

NYSE HPQ traded up $0.10 during midday trading on Wednesday, hitting $25.62. The company had a trading volume of 6,200,433 shares, compared to its average volume of 8,074,333. The company has a market capitalization of $24.15 billion, a PE ratio of 9.12, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The firm has a 50-day moving average price of $27.30 and a 200-day moving average price of $32.17.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. On average, equities analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, March 12th. HP's dividend payout ratio is 41.37%.

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.