HP Inc. (NYSE:HPQ) Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. reduced its holdings in HP Inc. (NYSE:HPQ) by 0.1% during the 3rd quarter, Holdings Channel reports. The fund owned 613,209 shares of the computer maker’s stock after selling 416 shares during the quarter. HP comprises 1.5% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 14th largest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in HP were worth $21,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in HPQ. Triad Wealth Partners LLC bought a new stake in HP during the second quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of HP during the second quarter valued at $34,000. Wolff Wiese Magana LLC lifted its stake in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of HP in the 3rd quarter valued at about $37,000. Finally, DecisionPoint Financial LLC acquired a new stake in shares of HP during the 2nd quarter valued at $43,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HP

In other news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $33.16, for a total value of $7,013,373.16. Following the sale, the chief executive officer now directly owns 3 shares in the company, valued at $99.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays dropped their price objective on HP from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Citigroup downgraded HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Tuesday, October 1st. Morgan Stanley dropped their price target on shares of HP from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. UBS Group upped their target price on shares of HP from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Loop Capital reduced their target price on HP from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.55.

HP Price Performance

Shares of NYSE:HPQ opened at $37.42 on Tuesday. The stock has a market cap of $36.62 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.64 and a beta of 1.07. The company has a 50 day moving average of $35.56 and a 200-day moving average of $34.22. HP Inc. has a one year low of $25.90 and a one year high of $39.52.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $13.52 billion for the quarter, compared to analyst estimates of $13.37 billion. HP had a negative return on equity of 266.37% and a net margin of 5.33%. HP’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that HP Inc. will post 3.39 earnings per share for the current year.

HP announced that its board has initiated a share repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the computer maker to buy up to 28.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.