Choreo LLC Acquires New Holdings in HP Inc. (NYSE:HPQ)

Choreo LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,652 shares of the computer maker’s stock, valued at approximately $1,355,000.

Several other institutional investors also recently bought and sold shares of the business. Paradigm Financial Partners LLC boosted its stake in HP by 8.0% in the fourth quarter. Paradigm Financial Partners LLC now owns 18,876 shares of the computer maker’s stock valued at $568,000 after acquiring an additional 1,393 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in shares of HP during the fourth quarter worth $225,000. Addison Advisors LLC lifted its stake in shares of HP by 19.0% during the fourth quarter. Addison Advisors LLC now owns 6,751 shares of the computer maker’s stock worth $203,000 after buying an additional 1,078 shares during the period. Syon Capital LLC acquired a new stake in shares of HP during the fourth quarter worth $273,000. Finally, Meritage Portfolio Management acquired a new stake in shares of HP during the fourth quarter worth $3,670,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research reports. StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays lifted their price objective on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HP presently has an average rating of “Moderate Buy” and an average target price of $33.11.

HP Trading Down 0.6 %

HP stock opened at $28.09 on Wednesday. HP Inc. has a 12 month low of $25.22 and a 12 month high of $33.90. The stock’s 50 day simple moving average is $29.26 and its two-hundred day simple moving average is $28.90. The firm has a market cap of $27.55 billion, a PE ratio of 8.21, a P/E/G ratio of 2.36 and a beta of 1.05.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The business had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts forecast that HP Inc. will post 3.42 EPS for the current year.

Insiders Place Their Bets

In other HP news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the transaction, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,723 shares of company stock worth $3,479,287. Corporate insiders own 0.41% of the company’s stock.

HP 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.