DekaBank Deutsche Girozentrale purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,857,055 shares of the computer maker’s stock, valued at approximately $50,275,000.
A number of other hedge funds also recently bought and sold shares of HPQ. Boston Partners boosted its stake in shares of HP by 304.9% in the second quarter. Boston Partners now owns 26,117,561 shares of the computer maker’s stock worth $456,535,000 after buying an additional 19,667,780 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of HP during the first quarter worth $79,108,000. Renaissance Technologies LLC acquired a new stake in shares of HP during the first quarter worth $62,824,000. DnB Asset Management AS boosted its stake in shares of 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 period. Finally, Morgan Stanley boosted its stake in shares of HP by 69.4% in the first quarter. Morgan Stanley now owns 7,333,354 shares of the computer maker’s stock worth $131,121,000 after buying an additional 3,003,129 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.
HP Inc. (NYSE HPQ) opened at 18.90 on Friday. The company has a market cap of $31.82 billion, a price-to-earnings ratio of 13.37 and a beta of 1.90. The stock’s 50 day moving average is $18.50 and its 200 day moving average is $17.79. HP Inc. has a 52-week low of $13.55 and a 52-week high of $19.58.
HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The firm had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.93 billion. HP had a negative return on equity of 68.86% and a net margin of 4.94%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Equities research analysts forecast that HP Inc. will post $1.64 earnings per share for the current year.
The company also recently disclosed 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 of this dividend is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.81%. HP’s dividend payout ratio is currently 37.32%.
COPYRIGHT VIOLATION NOTICE: This report was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/11/2857055-shares-in-hp-inc-nysehpq-acquired-by-dekabank-deutsche-girozentrale.html.
A number of analysts have weighed in on HPQ shares. UBS AG reissued a “buy” rating and set a $22.00 target price (up from $20.00) on shares of HP in a report on Thursday, May 25th. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, April 25th. Citigroup Inc. raised shares of HP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Credit Suisse Group reissued a “buy” rating and set a $19.00 target price on shares of HP in a report on Tuesday, May 23rd. Finally, Bank of America Corporation increased their target price on shares of HP from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.89.
In other HP news, COO Jon E. Flaxman sold 35,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $18.26, for a total transaction of $639,100.00. Following the completion of the sale, the chief operating officer now directly owns 62,203 shares of the company’s stock, valued at approximately $1,135,826.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marie Myers sold 12,119 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.07, for a total value of $218,990.33. Following the sale, the insider now directly owns 5,621 shares of the company’s stock, valued at $101,571.47. The disclosure for this sale can be found here. Insiders have sold a total of 1,748,815 shares of company stock valued at $32,623,560 over the last three months. Company insiders own 0.62% of the company’s stock.
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.
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ).
What are top analysts saying about HP Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HP Inc. and related companies.