Natixis Advisors LLC Buys 269,781 Shares of HP Inc. (NYSE:HPQ)

Natixis Advisors LLC boosted its stake in HP Inc. (NYSE:HPQ - Free Report) by 34.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,042,963 shares of the computer maker's stock after buying an additional 269,781 shares during the period. Natixis Advisors LLC owned 0.11% of HP worth $37,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LVW Advisors LLC lifted its holdings in HP by 1.2% in 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 holdings in HP by 8.1% in the third quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker's stock worth $138,000 after buying an additional 289 shares during the period. Versant Capital Management Inc increased its stake in shares of HP by 5.9% during the third quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker's stock valued at $191,000 after purchasing an additional 297 shares in the last quarter. Arvest Investments Inc. increased its stake in shares of HP by 0.9% during 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 in the last quarter. Finally, WMG Financial Advisors LLC increased its stake in shares of HP by 4.2% during the second quarter. WMG Financial Advisors LLC now owns 7,835 shares of the computer maker's stock valued at $274,000 after purchasing an additional 315 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Trading Up 1.9 %

HPQ stock traded up $0.71 on Monday, hitting $37.43. The company had a trading volume of 7,306,988 shares, compared to its average volume of 7,752,682. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.52. The stock's 50-day simple moving average is $35.97 and its 200 day simple moving average is $35.08. The stock has a market cap of $36.07 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 2.51 and a beta of 1.07.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $13.52 billion during the quarter, compared to analysts' expectations of $13.37 billion. HP had a negative return on equity of 266.37% and a net margin of 5.33%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. Research analysts forecast that HP Inc. will post 3.39 earnings per share for the current year.

HP announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the computer maker to purchase up to 28.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on HPQ. Citigroup downgraded shares of HP from a "buy" rating to a "neutral" rating and set a $37.00 target price for the company. in a research note on Tuesday, October 1st. UBS Group raised their target price on shares of HP from $34.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Loop Capital decreased their target price on shares of HP from $37.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, September 5th. Morgan Stanley decreased their target price on shares of HP from $37.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, August 29th. Finally, Bank of America downgraded shares of HP from a "buy" rating to a "neutral" rating and set a $37.00 price target for the company. in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $35.55.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 211,501 shares of HP stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the transaction, the chief executive officer now owns 3 shares in the company, valued at approximately $99.48. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company's stock.

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.