HP Inc. (HPQ) Position Boosted by NewSquare Capital LLC

NewSquare Capital LLC raised its holdings in shares of HP Inc. (NYSE:HPQ) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 81,748 shares of the computer maker’s stock after acquiring an additional 4,047 shares during the period. NewSquare Capital LLC’s holdings in HP were worth $2,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HPQ. Natixis grew its position in HP by 67.1% during the first quarter. Natixis now owns 29,966 shares of the computer maker’s stock worth $657,000 after buying an additional 12,032 shares in the last quarter. LPL Financial LLC grew its position in HP by 14.0% during the first quarter. LPL Financial LLC now owns 130,445 shares of the computer maker’s stock worth $2,859,000 after buying an additional 15,985 shares in the last quarter. Private Capital Group LLC grew its position in HP by 4,058.4% during the first quarter. Private Capital Group LLC now owns 8,400 shares of the computer maker’s stock worth $185,000 after buying an additional 8,198 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in HP by 87.1% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,572 shares of the computer maker’s stock worth $319,000 after buying an additional 6,785 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in HP by 5.6% during the first quarter. Xact Kapitalforvaltning AB now owns 299,473 shares of the computer maker’s stock worth $6,564,000 after buying an additional 15,945 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

In other news, COO Catherine A. Lesjak sold 693,594 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $25.78, for a total value of $17,880,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Shares of HPQ traded up $0.07 during midday trading on Friday, reaching $23.84. The stock had a trading volume of 527,899 shares, compared to its average volume of 11,324,978. HP Inc. has a 12-month low of $19.31 and a 12-month high of $27.08. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of -2.55. The stock has a market capitalization of $37.77 billion, a P/E ratio of 14.55, a PEG ratio of 1.65 and a beta of 1.64.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, August 23rd. The computer maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. HP had a negative return on equity of 130.47% and a net margin of 7.95%. The firm had revenue of $14.59 billion during the quarter, compared to analysts’ expectations of $14.29 billion. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that HP Inc. will post 2.02 EPS for the current year.

Several equities analysts recently commented on the company. Zacks Investment Research cut HP from a “buy” rating to a “hold” rating in a research report on Wednesday. Argus restated a “buy” rating on shares of HP in a research report on Monday, October 8th. JPMorgan Chase & Co. cut HP from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $29.00 in a research report on Friday, October 5th. Susquehanna Bancshares set a $25.00 target price on HP and gave the stock a “hold” rating in a research report on Thursday, October 4th. Finally, Bank of America boosted their target price on HP from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.44.

About HP

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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