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

Metis Global Partners LLC trimmed its position in shares of HP Inc. (NYSE:HPQ) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HPQ. Vanguard Group Inc. increased its holdings in shares of HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after buying an additional 12,883,347 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after buying an additional 9,294,209 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of HP by 145.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock worth $156,535,000 after buying an additional 3,613,742 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of HP by 104.6% during the 3rd quarter. Hsbc Holdings PLC now owns 4,352,558 shares of the computer maker’s stock worth $112,014,000 after buying an additional 2,225,530 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of HP during the 3rd quarter worth $54,302,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

NYSE:HPQ opened at $29.44 on Thursday. The firm has a 50-day moving average of $29.18 and a two-hundred day moving average of $28.95. The stock has a market cap of $28.87 billion, a P/E ratio of 8.61, a PEG ratio of 2.36 and a beta of 1.06. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90.

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

Insider Transactions at HP

In related news, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,723 shares of company stock valued at $3,479,287. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC upgraded HP from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, Barclays increased their price target on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.11.

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.