HP Inc. (NYSE:HPQ) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of HP Inc. (NYSE:HPQ) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,434,203 shares of the computer maker’s stock after selling 3,482 shares during the quarter. Victory Capital Management Inc.’s holdings in HP were worth $73,245,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HPQ. Vanguard Group Inc. increased its position 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 purchasing an additional 12,883,347 shares during the last quarter. Northern Trust Corp boosted its position in shares of HP by 6.2% during the third quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after buying an additional 589,775 shares during the period. Pacer Advisors Inc. grew its stake in shares of HP by 4,180.9% in the fourth quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock valued at $286,352,000 after buying an additional 9,294,209 shares in the last quarter. Invesco Ltd. raised its holdings in shares of HP by 13.8% in the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock valued at $211,257,000 after buying an additional 995,132 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in 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 acquiring an additional 3,613,742 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at HP

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

HP Trading Up 0.8 %

Shares of NYSE:HPQ opened at $28.18 on Friday. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90. The company’s 50 day moving average is $29.22 and its two-hundred day moving average is $28.88. The company has a market cap of $27.63 billion, a PE ratio of 8.24, a P/E/G ratio of 2.34 and a beta of 1.06.

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

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.