Livforsakringsbolaget Skandia Omsesidigt Has $375,000 Stake in HP Inc. (HPQ)

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Livforsakringsbolaget Skandia Omsesidigt decreased its position in HP Inc. (NYSE:HPQ) by 50.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,551 shares of the computer maker’s stock after selling 14,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in HP were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in shares of HP in the second quarter valued at about $113,000. NuWave Investment Management LLC purchased a new stake in shares of HP in the second quarter valued at about $116,000. Capital Advisors Ltd. LLC boosted its holdings 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 acquiring an additional 6,988 shares in the last quarter. United Capital Management of KS Inc. purchased a new stake in shares of HP in the third quarter valued at about $201,000. Finally, BancorpSouth Bank purchased a new stake in shares of HP in the third quarter valued at about $207,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

HPQ stock opened at $24.14 on Thursday. The stock has a market cap of $37.46 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.63 and a beta of 1.64. HP Inc. has a 52 week low of $19.31 and a 52 week high of $27.08.

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

Several analysts have recently weighed in on HPQ shares. Morgan Stanley lowered their target price on shares of HP from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 4th. Maxim Group lifted their target price on shares of HP from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, August 24th. Loop Capital lifted their target price on shares of HP to $30.00 and gave the company a “positive” rating in a report on Thursday, October 4th. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Bank of America boosted their price objective on shares of HP from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 4th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.44.

In related news, COO Catherine A. Lesjak sold 693,594 shares of the business’s stock in a transaction dated 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 currently owned by insiders.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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