HP Inc. (NYSE:HPQ) Shares Bought by Mather Group LLC.

Mather Group LLC. grew its stake in shares of HP Inc. (NYSE:HPQ) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,353 shares of the computer maker’s stock after purchasing an additional 421 shares during the quarter. Mather Group LLC.’s holdings in HP were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Chris Bulman Inc acquired a new position in shares of HP in the 2nd quarter valued at $88,000. Daiwa Securities Group Inc. increased its holdings in shares of HP by 27.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 106,316 shares of the computer maker’s stock valued at $3,213,000 after acquiring an additional 22,909 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of HP by 85.9% in the 1st quarter. State of Alaska Department of Revenue now owns 174,585 shares of the computer maker’s stock valued at $5,275,000 after acquiring an additional 80,670 shares during the period. Swiss National Bank increased its holdings in shares of HP by 1.4% in the 1st quarter. Swiss National Bank now owns 2,819,100 shares of the computer maker’s stock valued at $85,193,000 after acquiring an additional 37,800 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of HP in the 2nd quarter valued at $621,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HPQ shares. Bank of America lowered shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Friday, September 27th. UBS Group lifted their price objective on shares of HP from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Loop Capital lowered their price objective on shares of HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Citigroup lowered shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Tuesday, October 1st. Finally, Barclays lowered their price objective on shares of HP from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.55.

HP Stock Up 0.7 %

HP stock opened at $37.02 on Friday. HP Inc. has a 52 week low of $25.67 and a 52 week high of $39.52. The firm’s 50-day simple moving average is $34.84 and its 200 day simple moving average is $33.56. The firm has a market capitalization of $36.23 billion, a PE ratio of 12.51, a P/E/G ratio of 2.67 and a beta of 1.07.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 28th. The computer maker reported $0.83 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.03). HP had a negative return on equity of 266.37% and a net margin of 5.33%. The business had revenue of $13.52 billion during the quarter, compared to analysts’ expectations of $13.37 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. HP’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that HP Inc. will post 3.39 EPS for the current fiscal year.

HP declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 28th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the computer maker to buy up to 28.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is 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.