HP Inc. (NYSE:HPQ) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its holdings in HP Inc. (NYSE:HPQ) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,069 shares of the computer maker’s stock after selling 3,325 shares during the period. Metis Global Partners LLC’s holdings in HP were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its holdings in HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in HP in the fourth quarter valued at approximately $28,000. Janiczek Wealth Management LLC grew its holdings in HP by 116.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after purchasing an additional 566 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in HP in the fourth quarter valued at approximately $34,000. Finally, Salem Investment Counselors Inc. grew its holdings in HP by 47.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after purchasing an additional 380 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

NYSE HPQ opened at $29.44 on Thursday. The stock’s fifty day moving average is $29.18 and its two-hundred day moving average is $28.95. The firm has a market capitalization of $28.87 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that HP Inc. will post 3.42 EPS for the current year.

Analyst Ratings Changes

HPQ has been the topic of a number of research analyst reports. Barclays lifted their price target on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, HSBC raised HP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

Insider Buying and Selling at HP

In other HP news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the sale, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The disclosure for this sale can be found here. Insiders have sold 116,723 shares of company stock worth $3,479,287 over the last quarter. 0.41% of the stock is currently owned by company insiders.

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.