Janus Henderson Group PLC Has $4.92 Million Position in HP Inc. (NYSE:HPQ)

Janus Henderson Group PLC grew its holdings in HP Inc. (NYSE:HPQ) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,725 shares of the computer maker’s stock after buying an additional 9,568 shares during the quarter. Janus Henderson Group PLC’s holdings in HP were worth $4,916,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC boosted its holdings 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 valued at $825,398,000 after purchasing an additional 579,525 shares in the last quarter. Amundi boosted its stake in HP by 15.9% in the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after buying an additional 899,349 shares in the last quarter. Raymond James Financial Inc. bought a new stake in HP in the fourth quarter valued at $36,492,000. Gotham Asset Management LLC raised its stake in HP by 23.6% during the fourth quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker’s stock worth $20,864,000 after acquiring an additional 122,289 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of HP by 4.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker’s stock valued at $14,581,000 after acquiring an additional 18,557 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPQ has been the subject of a number of recent analyst reports. Loop Capital dropped their target price on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley dropped their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Barclays increased their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company boosted their price objective on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.17.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were 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 owns 169 shares of the company’s stock, valued at approximately $4,814.81. This represents a 99.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

HP Stock Up 1.9%

HP stock opened at $29.34 on Monday. The stock has a market cap of $27.65 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 2.96 and a beta of 1.32. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80. The business’s 50-day simple moving average is $26.14 and its 200 day simple moving average is $31.25.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.95%. HP’s dividend payout ratio is presently 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.