HP Inc. (NYSE:HPQ) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 14.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,017,437 shares of the computer maker's stock after selling 1,217,991 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.75% of HP worth $228,979,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in HP in the 4th quarter worth about $31,000. OFI Invest Asset Management bought a new stake in HP during the 4th quarter valued at about $37,000. Itau Unibanco Holding S.A. purchased a new stake in HP in the 3rd quarter valued at about $40,000. Finally, Wingate Wealth Advisors Inc. bought a new position in HP in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPQ. Loop Capital lowered their price target on HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Morgan Stanley lowered their target price on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Wells Fargo & Company upped their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Finally, TD Cowen dropped their price objective on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, HP has a consensus rating of "Hold" and an average price target of $36.14.

Insider Activity

In related news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

HP Trading Down 13.3 %

Shares of HPQ stock traded down $3.70 during trading hours on Thursday, reaching $24.18. 11,095,551 shares of the company's stock were exchanged, compared to its average volume of 7,482,095. HP Inc. has a fifty-two week low of $22.97 and a fifty-two week high of $39.80. The stock's 50 day moving average is $31.17 and its 200-day moving average is $33.86. The company has a market cap of $22.79 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last announced its 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 analyst estimates of $13.35 billion. Equities analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.2894 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.79%. HP's payout ratio is currently 41.37%.

HP 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.