Trexquant Investment LP Invests $10.62 Million in HP Inc. (NYSE:HPQ)

Trexquant Investment LP acquired a new position in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,434 shares of the computer maker’s stock, valued at approximately $10,619,000.

A number of other hedge funds have also bought and sold shares of HPQ. Amundi raised its position in shares of HP by 15.9% in the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock worth $217,319,000 after acquiring an additional 899,349 shares in the last quarter. Principal Financial Group Inc. increased its holdings in HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock worth $41,391,000 after purchasing an additional 160,268 shares in the last quarter. Oak Thistle LLC lifted its stake in 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 buying an additional 21,805 shares during the period. Tidal Investments LLC boosted its holdings in shares of HP by 47.5% during the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock worth $5,259,000 after buying an additional 47,230 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of HP by 35.0% during the 3rd quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock worth $2,243,000 after buying an additional 16,207 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other HP news, insider Anneliese Olson sold 21,545 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased their target price on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Sanford C. Bernstein upped their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. StockNews.com raised HP from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.14.

HP Price Performance

HPQ opened at $27.91 on Thursday. HP Inc. has a 1 year low of $26.29 and a 1 year high of $39.80. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 2.96 and a beta of 1.09. The firm’s fifty day moving average price is $31.17 and its two-hundred day moving average price is $33.86.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.2894 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.15%. HP’s dividend payout ratio (DPR) is currently 41.37%.

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.