Neuberger Berman Group LLC Has $11.22 Million Position in HP Inc. (NYSE:HPQ)

Neuberger Berman Group LLC raised its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,704 shares of the computer maker's stock after buying an additional 32,212 shares during the quarter. Neuberger Berman Group LLC's holdings in HP were worth $11,215,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after buying an additional 579,525 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of HP by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock worth $482,164,000 after purchasing an additional 592,391 shares in the last quarter. Invesco Ltd. grew its stake in HP by 7.3% during the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock worth $310,351,000 after buying an additional 643,192 shares during the last quarter. Norges Bank bought a new stake in HP during the 4th quarter worth approximately $229,320,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of HP by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock valued at $222,985,000 after buying an additional 90,606 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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HP Stock Performance

NYSE:HPQ traded down $0.32 during mid-day trading on Tuesday, hitting $23.72. The stock had a trading volume of 9,158,039 shares, compared to its average volume of 7,824,151. The company's 50 day simple moving average is $29.28 and its 200 day simple moving average is $33.03. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. As a group, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Wednesday, March 12th. HP's dividend payout ratio is presently 41.37%.

Insider Activity at HP

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

Analysts Set New Price Targets

Several research analysts have issued reports on HPQ shares. StockNews.com downgraded HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Sanford C. Bernstein increased their price target on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Morgan Stanley reduced their target price on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. TD Cowen reduced their price target on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Finally, Citigroup dropped their target price on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, HP currently has a consensus rating of "Hold" and a consensus target price of $35.09.

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.