HP Inc. (NYSE:HPQ) Position Trimmed by Regentatlantic Capital LLC

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Regentatlantic Capital LLC decreased its position in shares of HP Inc. (NYSE:HPQ) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,925 shares of the computer maker’s stock after selling 3,122 shares during the quarter. Regentatlantic Capital LLC’s holdings in HP were worth $3,196,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its holdings in HP by 645.3% in the second quarter. Nuveen Asset Management LLC now owns 7,674,530 shares of the computer maker’s stock worth $159,553,000 after purchasing an additional 6,644,860 shares during the period. DNB Asset Management AS raised its position in HP by 73.2% in the third quarter. DNB Asset Management AS now owns 8,598,374 shares of the computer maker’s stock worth $162,681,000 after acquiring an additional 3,632,640 shares in the last quarter. Morgan Stanley raised its position in HP by 12.5% in the second quarter. Morgan Stanley now owns 10,247,972 shares of the computer maker’s stock worth $213,054,000 after acquiring an additional 1,142,355 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in HP by 17.6% in the second quarter. Parametric Portfolio Associates LLC now owns 6,211,944 shares of the computer maker’s stock worth $129,146,000 after acquiring an additional 927,847 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in HP in the third quarter worth about $14,626,000. 79.63% of the stock is owned by institutional investors.

Shares of HPQ traded down $0.05 during mid-day trading on Wednesday, hitting $17.07. The company’s stock had a trading volume of 3,028,813 shares, compared to its average volume of 16,837,354. HP Inc. has a one year low of $15.93 and a one year high of $25.72. The firm has a market capitalization of $25.19 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42. The stock’s 50-day moving average is $17.93 and its two-hundred day moving average is $19.42.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, August 22nd. The computer maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. HP had a negative return on equity of 265.02% and a net margin of 7.18%. The company had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $14.58 billion. During the same period in the prior year, the business earned $0.52 earnings per share. HP’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts expect that HP Inc. will post 2.21 earnings per share for the current fiscal year.

Several equities research analysts have commented on the stock. Wells Fargo & Co upgraded shares of HP to a “market perform” rating and dropped their price target for the stock from $23.00 to $20.00 in a research report on Friday, August 23rd. Bank of America dropped their price target on shares of HP from $17.00 to $16.00 and set an “underperform” rating on the stock in a research report on Friday, October 4th. Citigroup set a $20.00 price target on shares of HP and gave the stock a “hold” rating in a research report on Friday, August 23rd. ValuEngine upgraded shares of HP from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group dropped their price target on shares of HP from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.73.

In related news, insider Dion J. Weisler sold 437,171 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $18.01, for a total value of $7,873,449.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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