Cpwm LLC raised its holdings in HP Inc. (NYSE:HPQ) by 81.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,696 shares of the computer maker’s stock after purchasing an additional 10,669 shares during the quarter. Cpwm LLC’s holdings in HP were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in HP by 3.5% during the 1st quarter. Teacher Retirement System of Texas now owns 2,219,187 shares of the computer maker’s stock worth $43,119,000 after purchasing an additional 74,344 shares in the last quarter. Toronto Dominion Bank lifted its holdings in HP by 12.5% during the 1st quarter. Toronto Dominion Bank now owns 1,087,631 shares of the computer maker’s stock worth $21,127,000 after purchasing an additional 121,023 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in HP by 1.3% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 272,098 shares of the computer maker’s stock worth $5,287,000 after purchasing an additional 3,600 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in HP by 176.6% during the 1st quarter. First Mercantile Trust Co. now owns 8,491 shares of the computer maker’s stock worth $165,000 after purchasing an additional 5,421 shares in the last quarter. Finally, Personal Resources Investment & Strategic Management Inc. lifted its holdings in HP by 5.8% during the 1st quarter. Personal Resources Investment & Strategic Management Inc. now owns 56,611 shares of the computer maker’s stock worth $1,100,000 after purchasing an additional 3,104 shares in the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

In other HP news, CEO Dion J. Weisler sold 36,799 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.00, for a total value of $735,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

A number of analysts recently issued reports on HPQ shares. Bank of America cut HP from a “buy” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a report on Thursday, February 28th. ValuEngine cut HP from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. BMO Capital Markets dropped their price objective on HP from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, February 28th. Credit Suisse Group started coverage on HP in a report on Thursday, April 11th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of HP in a report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. HP has an average rating of “Hold” and an average target price of $25.71.

NYSE:HPQ opened at $18.30 on Wednesday. HP Inc. has a twelve month low of $18.12 and a twelve month high of $27.08. The stock has a market capitalization of $28.02 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 3.02 and a beta of 1.38.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, February 27th. The computer maker reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. HP had a negative return on equity of 216.97% and a net margin of 7.15%. The firm had revenue of $14.71 billion for the quarter, compared to analysts’ expectations of $14.81 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that HP Inc. will post 2.14 earnings per share for the current year.

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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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