Cubist Systematic Strategies LLC Has $1.36 Million Stake in HP Inc (HPQ)

Cubist Systematic Strategies LLC reduced its stake in HP Inc (NYSE:HPQ) by 71.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,209 shares of the computer maker’s stock after selling 172,803 shares during the period. Cubist Systematic Strategies LLC’s holdings in HP were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of HP by 19.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after acquiring an additional 1,013 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in shares of HP by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after acquiring an additional 200 shares in the last quarter. Evercore Wealth Management LLC boosted its holdings in shares of HP by 14.0% in the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after acquiring an additional 836 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock worth $132,000 after acquiring an additional 85 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of HP by 9.8% in the 2nd quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after acquiring an additional 824 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

HP Inc (HPQ) opened at $20.92 on Monday. HP Inc has a 1-year low of $14.40 and a 1-year high of $22.68. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. The stock has a market capitalization of $34,418.17, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.21 and a beta of 1.81.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. equities analysts expect that HP Inc will post 1.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a $0.1393 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from HP’s previous quarterly dividend of $0.13. HP’s dividend payout ratio is 37.58%.

Several research analysts have recently commented on HPQ shares. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 target price on shares of HP in a report on Thursday, August 24th. Mizuho reissued a “buy” rating and issued a $21.00 target price on shares of HP in a report on Thursday, August 24th. Loop Capital started coverage on HP in a report on Tuesday, August 22nd. They issued a “buy” rating and a $23.00 target price on the stock. Deutsche Bank reissued a “buy” rating on shares of HP in a report on Thursday, August 24th. Finally, Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 10th. Twelve research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.31.

In other news, insider Dion J. Weisler sold 731,502 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $19.97, for a total value of $14,608,094.94. Following the transaction, the insider now owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kim M. Rivera sold 14,635 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $21.08, for a total value of $308,505.80. Following the completion of the transaction, the insider now directly owns 79,553 shares in the company, valued at approximately $1,676,977.24. The disclosure for this sale can be found here. In the last three months, insiders sold 2,143,763 shares of company stock worth $44,133,137. 0.62% of the stock is currently owned by company insiders.

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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.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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