New York State Teachers Retirement System Purchases 6,462 Shares of HP Inc. (NYSE:HPQ)

New York State Teachers Retirement System lifted its position in shares of HP Inc. (NYSE:HPQ) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 894,508 shares of the computer maker’s stock after purchasing an additional 6,462 shares during the period. New York State Teachers Retirement System owned 0.10% of HP worth $29,188,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HPQ. Exchange Traded Concepts LLC raised its holdings in shares of HP by 952.2% during the third quarter. Exchange Traded Concepts LLC now owns 12,858 shares of the computer maker’s stock valued at $461,000 after acquiring an additional 11,636 shares in the last quarter. Creative Planning boosted its stake in shares of HP by 5.3% during the 3rd quarter. Creative Planning now owns 225,129 shares of the computer maker’s stock valued at $8,075,000 after purchasing an additional 11,240 shares in the last quarter. Bleakley Financial Group LLC raised its stake in HP by 5.7% in the third quarter. Bleakley Financial Group LLC now owns 19,716 shares of the computer maker’s stock worth $707,000 after buying an additional 1,060 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in HP by 3.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 106,892 shares of the computer maker’s stock valued at $3,834,000 after acquiring an additional 3,355 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of HP by 7.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 20,449 shares of the computer maker’s stock worth $734,000 after acquiring an additional 1,357 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,035 shares of company stock worth $9,670,068. Company insiders own 0.41% of the company’s stock.

HP Trading Up 1.2 %

Shares of HPQ stock opened at $33.69 on Friday. The stock has a market capitalization of $31.59 billion, a P/E ratio of 11.99, a P/E/G ratio of 2.78 and a beta of 1.05. The firm’s 50 day moving average is $33.17 and its 200 day moving average is $34.83. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. HP’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.44%. HP’s dividend payout ratio (DPR) is 41.28%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HPQ shares. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays boosted their price objective on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. TD Cowen lifted their target price on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Citigroup reduced their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, HSBC lowered HP from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, HP has a consensus rating of “Hold” and an average price target of $36.23.

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.