58,004 Shares in HP Inc. (NYSE:HPQ) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 58,004 shares of the computer maker's stock, valued at approximately $1,893,000.

Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in HP in the 4th quarter worth approximately $31,000. OFI Invest Asset Management purchased a new position in HP in the fourth quarter valued at about $37,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of HP in the 4th quarter valued at about $50,000. Finally, Summit Securities Group LLC acquired a new position in HP in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Activity

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

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HP Stock Down 6.3 %

HP stock traded down $1.54 during mid-day trading on Thursday, hitting $22.74. The company's stock had a trading volume of 5,166,519 shares, compared to its average volume of 7,761,026. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The stock's fifty day moving average price is $29.81 and its two-hundred day moving average price is $33.31. The stock has a market capitalization of $21.44 billion, a P/E ratio of 8.16, 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 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Equities analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 5.09%. The ex-dividend date was Wednesday, March 12th. HP's dividend payout ratio (DPR) is currently 41.37%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HPQ. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Barclays boosted their price target on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. TD Cowen cut their price objective on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Loop Capital dropped their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.