GSA Capital Partners LLP Boosts Holdings in HP Inc. (HPQ)

GSA Capital Partners LLP boosted its position in shares of HP Inc. (NYSE:HPQ) by 134.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 326,809 shares of the computer maker’s stock after purchasing an additional 187,532 shares during the quarter. HP makes up 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 5th biggest holding. GSA Capital Partners LLP’s holdings in HP were worth $5,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of HP in the first quarter valued at $833,000. ZWJ Investment Counsel Inc. purchased a new stake in shares of HP in the first quarter valued at $443,000. Cornerstone Capital Management Holdings LLC. lifted its position in shares of HP by 106.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 1,462,303 shares of the computer maker’s stock valued at $26,145,000 after acquiring an additional 754,019 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of HP by 2.4% in the second quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock valued at $4,476,000 after acquiring an additional 6,074 shares in the last quarter. Finally, American Beacon Advisors Inc. purchased a new stake in shares of HP in the first quarter valued at $112,000. Institutional investors own 79.18% of the company’s stock.

In other HP news, insider Marie Myers sold 10,025 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $195,487.50. Following the transaction, the insider now directly owns 10,025 shares in the company, valued at $195,487.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Margaret C. Whitman sold 147,968 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $18.00, for a total value of $2,663,424.00. Following the transaction, the director now owns 618,857 shares in the company, valued at $11,139,426. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,661,600 shares of company stock worth $31,095,035. Corporate insiders own 0.62% of the company’s stock.

HP Inc. (HPQ) traded down 0.41% during midday trading on Tuesday, hitting $19.51. The stock had a trading volume of 2,157,020 shares. The company’s 50-day moving average price is $19.17 and its 200 day moving average price is $18.43. HP Inc. has a 12-month low of $13.77 and a 12-month high of $19.78. The stock has a market cap of $32.59 billion, a P/E ratio of 14.18 and a beta of 1.93.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that HP Inc. will post $1.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.1327 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.71%. HP’s dividend payout ratio (DPR) is currently 38.41%.

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HPQ has been the topic of several recent research reports. Credit Suisse Group restated a “buy” rating and issued a $19.00 price objective on shares of HP in a research report on Tuesday, May 23rd. BMO Capital Markets upped their price objective on HP from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, May 25th. Citigroup Inc. set a $20.00 price objective on HP and gave the company a “buy” rating in a research report on Thursday, May 25th. Mizuho upped their price objective on HP from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 25th. Finally, Goldman Sachs Group, Inc. (The) upped their price objective on HP from $16.50 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 25th. Ten research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. HP has a consensus rating of “Buy” and an average price target of $20.57.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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