Dynamic Technology Lab Private Ltd Makes New $921,000 Investment in HP Inc. (NYSE:HPQ)

Dynamic Technology Lab Private Ltd purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,212 shares of the computer maker's stock, valued at approximately $921,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi raised its position in HP by 15.9% in the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after buying an additional 899,349 shares during the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Principal Financial Group Inc. raised its holdings in shares of HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock valued at $41,391,000 after purchasing an additional 160,268 shares during the last quarter. Oak Thistle LLC boosted its holdings in HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock worth $1,132,000 after purchasing an additional 21,805 shares during the last quarter. Finally, Tidal Investments LLC grew its position in HP by 47.5% in the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock valued at $5,259,000 after purchasing an additional 47,230 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

Shares of NYSE HPQ traded up $0.09 during mid-day trading on Friday, reaching $22.96. The company had a trading volume of 3,174,541 shares, compared to its average volume of 7,770,651. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The business's 50-day simple moving average is $29.63 and its 200 day simple moving average is $33.22. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 5.04%. HP's payout ratio is 41.37%.

Insider Transactions at HP

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HPQ shares. StockNews.com cut shares of HP from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Sanford C. Bernstein raised their price target on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. TD Cowen dropped their price objective on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Finally, Barclays raised their target price on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $36.14.

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.