Machina Capital S.A.S. Buys 2,202 Shares of HP Inc. (NYSE:HPQ)

Machina Capital S.A.S. lifted its stake in HP Inc. (NYSE:HPQ) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,627 shares of the computer maker’s stock after acquiring an additional 2,202 shares during the period. HP accounts for approximately 1.1% of Machina Capital S.A.S.’s portfolio, making the stock its 8th biggest position. Machina Capital S.A.S.’s holdings in HP were worth $1,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Whittier Trust Co. raised its holdings in shares of HP by 1.4% in the fourth quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock valued at $778,000 after buying an additional 362 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of 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. Massmutual Trust Co. FSB ADV lifted its holdings in shares of HP by 18.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock worth $73,000 after purchasing an additional 382 shares during the period. Rosenberg Matthew Hamilton grew its position in HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after buying an additional 397 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in HP by 2.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 19,634 shares of the computer maker’s stock valued at $505,000 after buying an additional 442 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Performance

NYSE:HPQ traded down $0.01 during mid-day trading on Tuesday, hitting $28.41. 3,855,504 shares of the company’s stock traded hands, compared to its average volume of 7,748,404. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90. The company has a market cap of $27.86 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The firm’s 50 day simple moving average is $29.19 and its 200 day simple moving average is $28.93.

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

Insider Activity

In related news, 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 transaction of $269,338.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other HP news, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction 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 transaction, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. 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 three months. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com cut shares of 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 lifted their price target for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays boosted their target price on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Moderate Buy” and a consensus 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.