Altshuler Shaham Ltd Has $9.38 Million Position in HP Inc. (NYSE:HPQ)

Altshuler Shaham Ltd grew its stake in HP Inc. (NYSE:HPQ - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,505 shares of the computer maker's stock after purchasing an additional 80,711 shares during the quarter. HP makes up 0.3% of Altshuler Shaham Ltd's holdings, making the stock its 21st biggest position. Altshuler Shaham Ltd's holdings in HP were worth $9,381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of HP by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after acquiring an additional 579,525 shares during the period. Pacer Advisors Inc. lifted its stake in HP by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock worth $482,164,000 after acquiring an additional 592,391 shares in the last quarter. Invesco Ltd. boosted its stake in shares of HP by 7.3% in the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock valued at $310,351,000 after purchasing an additional 643,192 shares during the period. Norges Bank acquired a new stake in HP during the 4th quarter worth approximately $229,320,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of HP by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock worth $222,985,000 after acquiring an additional 90,606 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Price Performance

Shares of NYSE HPQ traded up $0.28 during midday trading on Tuesday, reaching $24.03. 1,579,348 shares of the company traded hands, compared to its average volume of 8,179,301. The stock has a 50-day moving average price of $28.38 and a 200 day moving average price of $32.62. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend was Wednesday, March 12th. HP's dividend payout ratio is 41.37%.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the business'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 directly owns 169 shares of the company's stock, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen lowered their price objective on HP from $39.00 to $38.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Morgan Stanley dropped 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 note on Friday, February 28th. Sanford C. Bernstein upped their target price on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Loop Capital dropped their price objective on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. Finally, Barclays increased their price objective on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $34.00.

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.