Atria Wealth Solutions Inc. Boosts Stake in HP Inc. (NYSE:HPQ)

Atria Wealth Solutions Inc. raised its position in HP Inc. (NYSE:HPQ) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,318 shares of the computer maker’s stock after acquiring an additional 2,086 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in HP were worth $887,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in HP by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock valued at $76,229,000 after purchasing an additional 112,427 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in HP by 23.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock worth $545,000 after buying an additional 4,054 shares during the last quarter. Alaska Permanent Fund Corp boosted its position in shares of HP by 1.4% during the 4th quarter. Alaska Permanent Fund Corp now owns 79,291 shares of the computer maker’s stock worth $2,386,000 after acquiring an additional 1,091 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of HP by 8.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock valued at $1,608,000 after acquiring an additional 5,064 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of HP by 87.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock worth $22,960,000 after acquiring an additional 358,231 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares in the company, valued at $1,642,381.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,642,381.56. The disclosure for this sale can be found here. In the last three months, insiders sold 116,723 shares of company stock valued at $3,479,287. Corporate insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of HP stock opened at $28.18 on Friday. The company has a market capitalization of $27.63 billion, a P/E ratio of 8.24, a PEG ratio of 2.32 and a beta of 1.06. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90. The company’s fifty day moving average is $29.22 and its two-hundred day moving average is $28.88.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts expect that HP Inc. will post 3.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of research analyst reports. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, Barclays lifted their price target on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

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.