Nordea Investment Management AB Increases Stock Holdings in HP Inc. (NYSE:HPQ)

Nordea Investment Management AB boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,429,573 shares of the computer maker's stock after purchasing an additional 112,383 shares during the quarter. Nordea Investment Management AB owned approximately 0.15% of HP worth $46,733,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LVW Advisors LLC lifted its stake in shares of HP by 1.2% during the third quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker's stock worth $857,000 after buying an additional 278 shares during the period. Castleview Partners LLC lifted its position in HP by 8.1% during the 3rd quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker's stock worth $138,000 after acquiring an additional 289 shares during the period. Versant Capital Management Inc lifted its position in HP by 5.9% during the 3rd quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker's stock worth $191,000 after acquiring an additional 297 shares during the period. King Luther Capital Management Corp grew its stake in HP by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker's stock valued at $346,000 after purchasing an additional 303 shares during the last quarter. Finally, Arvest Investments Inc. increased its holdings in shares of HP by 0.9% in the third quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker's stock valued at $1,232,000 after purchasing an additional 310 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares of the company's stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the completion of the transaction, the insider now directly owns 56,169 shares in the company, valued at approximately $1,933,898.67. This represents a 56.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last quarter. 0.41% of the stock is currently owned by insiders.

HP Price Performance

HPQ stock traded down $0.23 during mid-day trading on Wednesday, reaching $33.44. 4,888,211 shares of the company's stock were exchanged, compared to its average volume of 5,620,342. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79. The stock's 50 day moving average is $35.30 and its 200 day moving average is $35.47. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. On average, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. This is a positive change from HP's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, December 11th. HP's payout ratio is 40.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. JPMorgan Chase & Co. dropped their price objective on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. TD Cowen raised their target price on shares of HP from $32.00 to $39.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Barclays upped their price target on shares of HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.23.

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.