Bridgecreek Investment Management LLC continued to hold its position in shares of HP Inc (NYSE:HPQ) during the first quarter, Holdings Channel reports. The institutional investor owned 15,800 shares of the computer maker’s stock at the end of the first quarter. Bridgecreek Investment Management LLC’s holdings in HP were worth $283,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the stock. Meridian Wealth Management LLC bought a new position in shares of HP during the fourth quarter worth about $236,000. CWM LLC boosted its position in shares of HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of HP during the third quarter worth about $106,000. Virtus Investment Advisers Inc. bought a new position in shares of HP during the third quarter worth about $120,000. Finally, Acrospire Investment Management LLC boosted its position in shares of HP by 9.6% in the third quarter. Acrospire Investment Management LLC now owns 8,000 shares of the computer maker’s stock worth $124,000 after buying an additional 700 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.
Shares of HP Inc (NYSE:HPQ) traded up 0.389% during mid-day trading on Friday, hitting $19.335. The company’s stock had a trading volume of 2,999,913 shares. The stock has a market cap of $32.74 billion, a PE ratio of 13.189 and a beta of 1.52. The company has a 50-day moving average price of $18.15 and a 200-day moving average price of $16.27. HP Inc has a 1-year low of $11.31 and a 1-year high of $19.42.
HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, February 22nd. The computer maker reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The company had revenue of $12.68 billion during the quarter, compared to the consensus estimate of $11.82 billion. During the same period in the prior year, the business posted $0.36 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts predict that HP Inc will post $1.62 EPS for the current fiscal year.
A number of equities analysts recently issued reports on HPQ shares. Barclays PLC upgraded HP from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $22.00 in a report on Wednesday, April 19th. Citigroup Inc upgraded HP from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.54 to $20.00 in a report on Wednesday, April 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $16.00 target price (up from $15.50) on shares of HP in a report on Thursday, February 23rd. Wells Fargo & Co upgraded HP from a “market perform” rating to an “outperform” rating in a report on Monday, March 6th. Finally, Maxim Group lifted their target price on HP from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, February 23rd. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.28.
In other news, CFO Catherine A. Lesjak sold 52,387 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $19.00, for a total transaction of $995,353.00. Following the completion of the transaction, the chief financial officer now directly owns 52,387 shares in the company, valued at approximately $995,353. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tracy S. Keogh sold 113,582 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $17.43, for a total transaction of $1,979,734.26. Following the transaction, the insider now owns 96,926 shares of the company’s stock, valued at $1,689,420.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,093,741 shares of company stock valued at $19,482,770. Company insiders own 0.51% of the company’s stock.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc (NYSE:HPQ).