1 day Ago By ABMN Staff
HP Inc. ( NYSE:HPQ – Get Free Report ) insider Anneliese Olson sold 21,545 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.
49, for a total value of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, valued at $4,814.
81. The trade was a 99.22 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . HP Trading Down 2.6 % NYSE HPQ opened at $27.
90 on Monday. The company has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $33.
98. HP Inc. has a 12-month low of $27.
43 and a 12-month high of $39.80. The company has a market cap of $26.
30 billion, a P/E ratio of 9.93, a PEG ratio of 2.96 and a beta of 1.
09. HP ( NYSE:HPQ – Get Free Report ) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.
74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $13.
50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a net margin of 5.
18% and a negative return on equity of 253.39%. Sell-side analysts predict that HP Inc.
will post 3.56 EPS for the current year. HP Dividend Announcement Analyst Upgrades and Downgrades A number of research analysts have recently issued reports on HPQ shares.
Barclays boosted their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th.
Morgan Stanley cut their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th.
Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.
00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. TD Cowen cut their target price on HP from $39.00 to $38.
00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a report on Thursday.
One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.14.
Read Our Latest Stock Analysis on HP Hedge Funds Weigh In On HP Several large investors have recently bought and sold shares of HPQ. Norges Bank bought a new position in shares of HP during the fourth quarter valued at about $229,320,000. State Street Corp lifted its position in shares of HP by 8.
2% during the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock worth $1,871,046,000 after buying an additional 3,923,161 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of HP by 11.
1% during the 3rd quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock worth $885,877,000 after buying an additional 2,477,977 shares in the last quarter. KBC Group NV grew its holdings in shares of HP by 145.
1% in the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock valued at $116,031,000 after acquiring an additional 2,105,104 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.
b.a. Prosperity Capital Advisors purchased a new stake in shares of HP during the fourth quarter valued at approximately $65,260,000.
77.53% of the stock is currently owned by institutional investors. HP Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.
com's FREE daily email newsletter ..
