Gotham Asset Management LLC Purchases 122,289 Shares of HP Inc. (NYSE:HPQ)

Gotham Asset Management LLC grew its holdings in shares of HP Inc. (NYSE:HPQ) by 23.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 639,423 shares of the computer maker’s stock after buying an additional 122,289 shares during the period. Gotham Asset Management LLC’s holdings in HP were worth $20,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in HP in the 4th quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of HP in the fourth quarter worth about $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of HP in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new position in HP during the fourth quarter valued at approximately $37,000. Finally, CoreCap Advisors LLC increased its holdings in HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock worth $46,000 after acquiring an additional 587 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the company’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HPQ shares. Evercore ISI reduced their price target on shares of HP from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. TD Cowen decreased their target price on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. StockNews.com cut HP from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley dropped their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus price target of $33.83.

HP Stock Performance

NYSE:HPQ opened at $26.45 on Friday. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The business has a 50 day moving average price of $26.23 and a 200-day moving average price of $31.59. The firm has a market cap of $24.93 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Research analysts predict that HP Inc. will post 3.56 EPS for the current year.

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.