Natixis Raises Stake in HP Inc. (NYSE:HPQ)

Natixis increased its position in HP Inc. (NYSE:HPQ - Free Report) by 108.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,193 shares of the computer maker's stock after buying an additional 145,783 shares during the quarter. Natixis' holdings in HP were worth $9,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TIAA Trust National Association raised its stake in HP by 1.8% in the 4th quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock worth $548,000 after purchasing an additional 302 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of HP by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after purchasing an additional 306 shares in the last quarter. Auxano Advisors LLC raised its position in HP by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after purchasing an additional 310 shares during the last quarter. Wedmont Private Capital grew its stake in shares of HP by 2.6% in the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock worth $420,000 after purchasing an additional 316 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of HP by 2.7% in the fourth quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock worth $400,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HPQ. Sanford C. Bernstein raised their price target on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Barclays upped their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company raised their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Finally, Citigroup decreased their price target on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $34.00.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on 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 sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

HP Trading Up 1.8 %

Shares of HPQ stock traded up $0.43 during trading hours on Wednesday, reaching $24.61. 7,288,020 shares of the stock were exchanged, compared to its average volume of 7,873,006. The company's 50-day moving average price is $28.01 and its 200-day moving average price is $32.50. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The business 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. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.70%. HP's payout ratio is 41.37%.

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.