HP Inc. (NYSE:HPQ) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in HP Inc. (NYSE:HPQ - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,666 shares of the computer maker's stock after selling 29,555 shares during the quarter. Voya Investment Management LLC's holdings in HP were worth $11,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its holdings in shares of HP by 6.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 8,378 shares of the computer maker's stock valued at $273,000 after buying an additional 481 shares in the last quarter. Quantessence Capital LLC purchased a new stake in HP during the fourth quarter valued at approximately $1,276,000. State of Tennessee Department of Treasury increased its position in HP by 93.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 272,109 shares of the computer maker's stock valued at $8,879,000 after acquiring an additional 131,728 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of HP by 125.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 75,300 shares of the computer maker's stock valued at $2,457,000 after buying an additional 41,942 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of HP by 3.9% during the fourth quarter. MML Investors Services LLC now owns 64,933 shares of the computer maker's stock valued at $2,119,000 after purchasing an additional 2,410 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Price Performance

Shares of HPQ traded up $0.57 during mid-day trading on Friday, hitting $25.96. 5,645,989 shares of the company's stock were exchanged, compared to its average volume of 7,834,300. The company has a 50-day simple moving average of $26.93 and a 200 day simple moving average of $32.04. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The company has a market cap of $24.47 billion, a PE ratio of 9.24, a P/E/G ratio of 2.96 and a beta of 1.09.

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

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on HP from $40.00 to $29.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Loop Capital reduced their target price on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Citigroup cut their target price on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company boosted their price objective on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $33.83.

Insider Buying and Selling at HP

In other news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the business'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. Corporate insiders own 0.38% of the company's stock.

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.