Capital Analysts LLC purchased a new stake in HP Inc. (NYSE:HPQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 57,574 shares of the computer maker’s stock, valued at approximately $1,149,000.

Other hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of HP by 19.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after acquiring an additional 1,013 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of HP by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after acquiring an additional 200 shares during the last quarter. Evercore Wealth Management LLC increased its stake in shares of HP by 14.0% in the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after acquiring an additional 836 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of HP by 15.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock valued at $130,000 after acquiring an additional 996 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after acquiring an additional 85 shares during the last quarter. 79.63% of the stock is owned by institutional investors.

HPQ has been the subject of a number of research reports. Maxim Group reissued a “hold” rating and set a $25.00 target price on shares of HP in a research note on Friday, October 27th. Royal Bank Of Canada increased their target price on HP from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Deutsche Bank AG reissued a “buy” rating on shares of HP in a research note on Thursday, August 24th. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, October 10th. Finally, Morgan Stanley increased their target price on HP from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. HP currently has an average rating of “Buy” and a consensus price target of $21.57.

In other news, insider Dion J. Weisler sold 80,102 shares of HP stock in a transaction on Monday, November 6th. The stock was sold at an average price of $21.47, for a total transaction of $1,719,789.94. Following the completion of the sale, the insider now owns 339,497 shares of the company’s stock, valued at $7,289,000.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dion J. Weisler sold 731,502 shares of HP stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $19.97, for a total value of $14,608,094.94. Following the sale, the insider now directly owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The disclosure for this sale can be found here. Insiders have sold 1,812,176 shares of company stock valued at $37,016,874 in the last three months. Insiders own 0.62% of the company’s stock.

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Shares of HP Inc. (NYSE:HPQ) traded down $0.11 during trading on Monday, reaching $21.23. The company’s stock had a trading volume of 6,276,600 shares, compared to its average volume of 10,872,534. HP Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $22.31. The firm has a market cap of $35,440.00, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 3.15 and a beta of 1.84. The company has a quick ratio of 0.74, a current ratio of 0.97 and a debt-to-equity ratio of -1.55.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. sell-side analysts expect that HP Inc. will post 1.65 EPS for the current year.

HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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