Envestnet Asset Management Inc. Has $56.09 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Envestnet Asset Management Inc. boosted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,718,989 shares of the computer maker's stock after purchasing an additional 61,492 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of HP worth $56,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Synergy Asset Management LLC bought a new position in shares of HP in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in HP in the 4th quarter worth approximately $31,000. OFI Invest Asset Management acquired a new position in shares of HP during the fourth quarter worth approximately $37,000. Wingate Wealth Advisors Inc. bought a new stake in shares of HP in the fourth quarter valued at approximately $50,000. Finally, Summit Securities Group LLC acquired a new stake in shares of HP in the fourth quarter worth $55,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction dated 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. 0.38% of the stock is owned by company insiders.

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HP Trading Up 2.4 %

HPQ stock traded up $0.55 during trading on Friday, hitting $23.42. The company had a trading volume of 10,168,027 shares, compared to its average volume of 7,806,852. The company has a fifty day moving average price of $29.45 and a two-hundred day moving average price of $33.13. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The company has a market cap of $22.08 billion, a P/E ratio of 8.34, a P/E/G ratio of 2.96 and a beta of 1.09.

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 for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Wednesday, March 12th. HP's dividend payout ratio (DPR) is currently 41.37%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HPQ. TD Cowen cut their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company upped their price objective on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. StockNews.com lowered HP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Barclays raised 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, HP currently has a consensus rating of "Hold" and an average price target of $36.14.

About HP

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.