HP Inc. (NYSE:HPQ) Short Interest Update

HP Inc. (NYSE:HPQ - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 36,340,000 shares, an increase of 24.8% from the March 31st total of 29,110,000 shares. Based on an average daily volume of 8,520,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.9% of the company's stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HPQ shares. Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. TD Cowen dropped their target price on HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. StockNews.com lowered HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup lowered their target price on shares of HP from $36.50 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.83.

Insiders Place Their Bets

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

Hedge Funds Weigh In On HP

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in HP in the fourth quarter valued at approximately $229,320,000. KBC Group NV grew its stake in HP by 145.1% during the 4th quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock worth $116,031,000 after buying an additional 2,105,104 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in HP during the 4th quarter worth $65,260,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in HP in the fourth quarter valued at about $63,612,000. Finally, Northern Trust Corp boosted its holdings in HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after acquiring an additional 1,755,942 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 0.9 %

Shares of HP stock traded up $0.24 during trading on Wednesday, hitting $25.87. 5,702,137 shares of the stock traded hands, compared to its average volume of 7,848,866. HP has a 52-week low of $21.21 and a 52-week high of $39.80. The stock's fifty day simple moving average is $26.37 and its 200 day simple moving average is $31.73. The firm has a market cap of $24.39 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last released 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. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. As a group, equities analysts expect that HP will post 3.56 EPS for the current year.

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.