Envestnet Portfolio Solutions Inc. Buys 1,314 Shares of HP Inc. (NYSE:HPQ)

Envestnet Portfolio Solutions Inc. lifted its stake in shares of HP Inc. (NYSE:HPQ) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,821 shares of the computer maker’s stock after acquiring an additional 1,314 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in HP were worth $3,290,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Amundi grew its position in shares of HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after purchasing an additional 899,349 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock worth $41,391,000 after buying an additional 160,268 shares during the last quarter. Oak Thistle LLC boosted its position in shares of HP by 169.3% in the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock valued at $1,132,000 after acquiring an additional 21,805 shares during the period. Tidal Investments LLC boosted its position in shares of HP by 47.5% in the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after acquiring an additional 47,230 shares during the period. Finally, MML Investors Services LLC increased its position in HP by 35.0% during the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock worth $2,243,000 after acquiring an additional 16,207 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the subject of several research reports. Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Citigroup reduced their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, TD Cowen cut their target price on HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.14.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

HP Trading Up 0.2 %

Shares of HPQ stock opened at $28.76 on Thursday. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.96 and a beta of 1.09. The firm’s 50 day moving average is $32.07 and its 200-day moving average is $34.28. HP Inc. has a 1 year low of $27.43 and a 1 year high of $39.80.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. On average, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.03%. HP’s dividend payout ratio (DPR) is presently 41.37%.

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.