Parsec Financial Management Inc. lessened its holdings in shares of HP Inc. (NYSE:HPQ – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,815 shares of the computer maker’s stock after selling 300 shares during the period. Parsec Financial Management Inc.’s holdings in HP were worth $897,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of HPQ. Wedge Capital Management L L P NC acquired a new position in shares of HP during the fourth quarter worth $65,033,000. Allspring Global Investments Holdings LLC acquired a new position in HP in the fourth quarter valued at $45,704,000. Arrowstreet Capital Limited Partnership lifted its holdings in HP by 6.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 18,708,669 shares of the computer maker’s stock valued at $511,869,000 after buying an additional 1,075,822 shares during the period. KBC Group NV lifted its holdings in HP by 65.7% in the third quarter. KBC Group NV now owns 2,468,095 shares of the computer maker’s stock valued at $67,527,000 after buying an additional 978,719 shares during the period. Finally, Natixis lifted its holdings in HP by 494.9% in the third quarter. Natixis now owns 1,160,487 shares of the computer maker’s stock valued at $31,751,000 after buying an additional 965,427 shares during the period. Institutional investors own 81.48% of the company’s stock.
Shares of NYSE:HPQ traded down $0.95 during midday trading on Friday, hitting $36.63. 9,968,026 shares of the company’s stock were exchanged, compared to its average volume of 17,607,066. The stock has a 50 day moving average price of $36.83 and a 200-day moving average price of $35.63. The company has a market cap of $38.58 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. HP Inc. has a 12 month low of $26.11 and a 12 month high of $41.47.
Several equities analysts recently issued reports on HPQ shares. Sanford C. Bernstein boosted their target price on shares of HP from $32.00 to $40.00 in a report on Tuesday, January 11th. Barclays dropped their target price on shares of HP from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Thursday, March 31st. Morgan Stanley lowered shares of HP from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $34.00 to $31.00 in a report on Thursday, March 31st. StockNews.com lowered shares of HP from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $42.00 price target on shares of HP in a research note on Friday, February 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, HP has a consensus rating of “Hold” and an average price target of $36.07.
In other HP news, insider Harvey Anderson sold 8,939 shares of the business’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $36.84, for a total value of $329,312.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Enrique Lores sold 34,000 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $36.27, for a total transaction of $1,233,180.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,451 shares of company stock valued at $4,540,867. 0.22% of the stock is currently owned by insiders.
HP Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on HP (HPQ)
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