10,153 Shares in HP Inc. (NYSE:HPQ) Acquired by US Asset Management LLC

US Asset Management LLC purchased a new position in HP Inc. (NYSE:HPQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,153 shares of the computer maker’s stock, valued at approximately $306,000.

A number of other large investors also recently modified their holdings of the company. Whittier Trust Co. raised its stake in HP by 1.4% in the fourth quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock valued at $778,000 after buying an additional 362 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in HP by 47.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after purchasing an additional 380 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in HP by 18.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock valued at $73,000 after purchasing an additional 382 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after purchasing an additional 397 shares in the last quarter. Finally, Lincoln National Corp grew its position in shares of HP by 2.8% in the 4th quarter. Lincoln National Corp now owns 14,683 shares of the computer maker’s stock valued at $442,000 after buying an additional 404 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HPQ. StockNews.com cut HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. Finally, Barclays upped their price target on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Stock Up 0.7 %

HPQ stock traded up $0.21 on Thursday, reaching $29.65. 6,430,020 shares of the company’s stock were exchanged, compared to its average volume of 7,762,485. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90. The stock has a fifty day moving average of $29.20 and a 200-day moving average of $28.95. The firm has a market cap of $29.08 billion, a PE ratio of 8.67, a P/E/G ratio of 2.36 and a beta of 1.06.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that HP Inc. will post 3.42 EPS for the current fiscal year.

Insider Activity

In related news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the transaction, the director now owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 over the last 90 days. 0.41% of the stock is currently owned by corporate insiders.

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.