Lindbrook Capital LLC Raises Stake in HP Inc. (HPQ)

Lindbrook Capital LLC lifted its position in shares of HP Inc. (NYSE:HPQ) by 46.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,471 shares of the computer maker’s stock after purchasing an additional 1,411 shares during the quarter. Lindbrook Capital LLC’s holdings in HP were worth $86,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HPQ. Bank of New York Mellon Corp lifted its position in shares of HP by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,076,825 shares of the computer maker’s stock valued at $491,611,000 after buying an additional 1,120,811 shares during the last quarter. LPL Financial LLC lifted its position in shares of HP by 3.9% during the 3rd quarter. LPL Financial LLC now owns 126,997 shares of the computer maker’s stock valued at $3,273,000 after buying an additional 4,733 shares during the last quarter. Man Group plc lifted its position in shares of HP by 22.8% during the 3rd quarter. Man Group plc now owns 410,986 shares of the computer maker’s stock valued at $10,590,000 after buying an additional 76,348 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in HP by 2.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 5,722,567 shares of the computer maker’s stock worth $147,471,000 after purchasing an additional 131,046 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in HP by 15.2% during the 3rd quarter. Nordea Investment Management AB now owns 1,039,600 shares of the computer maker’s stock worth $26,791,000 after purchasing an additional 137,010 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

In other HP news, CEO Dion J. Weisler sold 36,799 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.00, for a total value of $735,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

A number of brokerages recently issued reports on HPQ. Zacks Investment Research raised HP from a “sell” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group began coverage on HP in a report on Thursday, April 11th. They set a “neutral” rating and a $21.00 price objective on the stock. ValuEngine cut HP from a “hold” rating to a “sell” rating in a report on Monday, April 1st. JPMorgan Chase & Co. reissued a “hold” rating on shares of HP in a report on Thursday, February 28th. Finally, BMO Capital Markets dropped their price objective on HP from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.03.

Shares of NYSE:HPQ traded up $0.21 on Tuesday, hitting $20.09. The company’s stock had a trading volume of 7,796,191 shares, compared to its average volume of 11,686,361. HP Inc. has a 1 year low of $18.46 and a 1 year high of $27.08. The stock has a market cap of $30.49 billion, a P/E ratio of 9.95, a PEG ratio of 3.39 and a beta of 1.39.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, February 27th. The computer maker reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. HP had a negative return on equity of 216.97% and a net margin of 7.15%. The firm had revenue of $14.71 billion for the quarter, compared to analysts’ expectations of $14.81 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that HP Inc. will post 2.14 earnings per share for the current fiscal year.

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HP Company 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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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