HP Inc. (HPQ) Stake Lowered by NN Investment Partners Holdings N.V.

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NN Investment Partners Holdings N.V. decreased its position in HP Inc. (NYSE:HPQ) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,217,774 shares of the computer maker’s stock after selling 57,906 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in HP were worth $31,382,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HPQ. CSat Investment Advisory L.P. bought a new position in shares of HP in the second quarter valued at approximately $113,000. NuWave Investment Management LLC bought a new position in shares of HP in the second quarter valued at approximately $116,000. Capital Advisors Ltd. LLC raised its position in shares of HP by 6,530.8% in the third quarter. Capital Advisors Ltd. LLC now owns 7,095 shares of the computer maker’s stock valued at $183,000 after purchasing an additional 6,988 shares during the period. Boston Research & Management Inc. bought a new position in shares of HP in the second quarter valued at approximately $201,000. Finally, United Capital Management of KS Inc. bought a new position in shares of HP in the third quarter valued at approximately $201,000. 80.39% of the stock is currently owned by institutional investors.

In other HP news, COO Catherine A. Lesjak sold 693,594 shares of HP stock in a transaction on Monday, October 1st. The shares were sold at an average price of $25.78, for a total transaction of $17,880,853.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by insiders.

Shares of HP stock opened at $23.02 on Tuesday. The firm has a market capitalization of $36.60 billion, a PE ratio of 12.05, a P/E/G ratio of 1.60 and a beta of 1.64. HP Inc. has a 1 year low of $19.31 and a 1 year high of $27.08.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. HP had a net margin of 7.95% and a negative return on equity of 130.47%. The firm had revenue of $14.59 billion for the quarter, compared to the consensus estimate of $14.29 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Research analysts expect that HP Inc. will post 2.02 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $28.00 to $29.00 in a research note on Friday, October 5th. Bank of America raised their price objective on shares of HP from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Finally, Morgan Stanley lowered their price objective on shares of HP from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 4th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. HP has an average rating of “Hold” and an average price target of $27.44.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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