E Fund Management Co. Ltd. Sells 631 Shares of HP Inc. (NYSE:HPQ)

E Fund Management Co. Ltd. reduced its stake in shares of HP Inc. (NYSE:HPQ) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,247 shares of the computer maker’s stock after selling 631 shares during the period. E Fund Management Co. Ltd.’s holdings in HP were worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after acquiring an additional 12,883,347 shares during the period. Northern Trust Corp increased its stake in shares of HP by 6.2% in the third quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after purchasing an additional 589,775 shares during the period. Pacer Advisors Inc. lifted its position in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after purchasing an additional 9,294,209 shares during the last quarter. Invesco Ltd. boosted its stake in HP by 13.8% during the 3rd quarter. Invesco Ltd. now owns 8,220,098 shares of the computer maker’s stock valued at $211,257,000 after purchasing an additional 995,132 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in HP by 145.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock valued at $156,535,000 after buying an additional 3,613,742 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 0.4 %

HPQ stock opened at $29.78 on Friday. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90. The firm has a market cap of $29.21 billion, a PE ratio of 8.67, a P/E/G ratio of 2.36 and a beta of 1.06. The business’s 50-day moving average price is $29.20 and its two-hundred day moving average price is $28.95.

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

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the transaction, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,723 shares of company stock worth $3,479,287. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HPQ. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Barclays increased their price target on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. Finally, HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $33.00 in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.11.

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.