Insider Selling: HP Inc (HPQ) CFO Sells 120,000 Shares of Stock

HP Inc (NYSE:HPQ) CFO Catherine A. Lesjak sold 120,000 shares of the business’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $18.14, for a total value of $2,176,800.00. Following the completion of the sale, the chief financial officer now owns 120,000 shares in the company, valued at $2,176,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of HP Inc (NYSE:HPQ) traded down 0.0261% during midday trading on Friday, reaching $18.7651. The company had a trading volume of 3,594,292 shares. HP Inc has a one year low of $11.31 and a one year high of $18.83. The firm has a market capitalization of $31.78 billion, a P/E ratio of 12.8002 and a beta of 1.52. The company has a 50 day moving average price of $17.75 and a 200-day moving average price of $15.97.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 22nd. The computer maker reported $0.38 earnings per share 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 business had revenue of $12.68 billion for the quarter, compared to analysts’ expectations of $11.82 billion. During the same quarter in the prior year, the company earned $0.36 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that HP Inc will post $1.62 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for HP (NYSE:HPQ)

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Several large investors have recently bought and sold shares of the stock. Dodge & Cox purchased a new stake in HP during the fourth quarter worth approximately $2,073,164,000. Norges Bank purchased a new stake in HP during the fourth quarter worth approximately $225,623,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in HP during the fourth quarter worth approximately $145,193,000. Arrowstreet Capital Limited Partnership purchased a new stake in HP during the fourth quarter worth approximately $143,429,000. Finally, DnB Asset Management AS boosted its stake in HP by 694.8% in the first quarter. DnB Asset Management AS now owns 3,939,034 shares of the computer maker’s stock worth $70,430,000 after buying an additional 3,443,455 shares during the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.

HPQ has been the topic of several analyst reports. Zacks Investment Research lowered HP from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays PLC upgraded HP from an “equal weight” rating to an “overweight” rating and upped 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 in a report on Tuesday, April 18th. Morgan Stanley upped their target price on HP from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, April 18th. Finally, Argus reiterated a “buy” rating and set a $22.00 target price (up previously from $19.00) on shares of HP in a report on Monday, February 27th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. HP has an average rating of “Buy” and an average target price of $18.28.

About HP

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.

5 Day Chart for NYSE:HPQ

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