Achmea Investment Management B.V. increased its position in HP Inc. (NYSE:HPQ – Get Rating) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,822 shares of the computer maker’s stock after purchasing an additional 4,209 shares during the period. HP makes up approximately 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 25th biggest position. Achmea Investment Management B.V.’s holdings in HP were worth $14,760,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Paradigm Financial Partners LLC bought a new position in HP in the 4th quarter worth about $232,000. OPSEU Pension Plan Trust Fund boosted its stake in HP by 3.7% in the 4th quarter. OPSEU Pension Plan Trust Fund now owns 35,876 shares of the computer maker’s stock worth $1,402,000 after purchasing an additional 1,265 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in HP by 7.8% in the 4th quarter. Teacher Retirement System of Texas now owns 333,849 shares of the computer maker’s stock worth $12,576,000 after purchasing an additional 24,154 shares in the last quarter. Aviva PLC boosted its stake in HP by 7.7% in the 4th quarter. Aviva PLC now owns 459,218 shares of the computer maker’s stock worth $17,299,000 after purchasing an additional 32,686 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new position in HP in the 4th quarter worth about $261,000. Institutional investors own 81.94% of the company’s stock.
In other HP news, CFO Marie Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $36.62, for a total value of $164,790.00. Following the completion of the transaction, the chief financial officer now directly owns 33,219 shares in the company, valued at approximately $1,216,479.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Harvey Anderson sold 8,939 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $36.84, for a total value of $329,312.76. The disclosure for this sale can be found here. Insiders sold a total of 130,951 shares of company stock valued at $4,705,657 over the last three months. 0.22% of the stock is currently owned by insiders.
HP (NYSE:HPQ – Get Rating) last released its earnings results on Monday, February 28th. The computer maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $17.03 billion during the quarter, compared to analyst estimates of $16.52 billion. HP had a net margin of 10.05% and a negative return on equity of 164.36%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. On average, equities research analysts anticipate that HP Inc. will post 4.27 EPS for the current year.
Several equities analysts have issued reports on HPQ shares. Sanford C. Bernstein upped their target price on shares of HP from $32.00 to $40.00 in a research note on Tuesday, January 11th. Barclays lowered their target price on shares of HP from $30.00 to $29.00 and set an “underweight” rating on the stock in a research note on Thursday, March 31st. StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. UBS Group cut shares of HP from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Friday, April 8th. Finally, Morgan Stanley cut shares of HP from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $34.00 to $31.00 in a research note on Thursday, March 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.07.
HP 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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