November 24, 2016 - By Marie Mckinney · 0 Comments
Hewlett Packard Co (NYSE:HPQ) institutional sentiment increased to 0.75 in Q2 2016. Its up 0.18, from 0.57 in 2016Q1. The ratio is better, as 12 institutional investors increased and started new holdings, while 21 sold and reduced their positions in Hewlett Packard Co. The institutional investors in our partner’s database now own: 4.91 million shares, down from 6.00 million shares in 2016Q1. Also, the number of institutional investors holding Hewlett Packard Co in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 12 Increased: 8 New Position: 4.
HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company has a market cap of $25.36 billion. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. It has a 9.71 P/E ratio. The Company’s Personal Systems segment provides commercial personal computers , consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.
The stock decreased 6.77% or $1.08 on November 23, hitting $14.87. About 23.44 million shares traded hands or 66.60% up from the average. HP Inc (NYSE:HPQ) has risen 17.92% since April 22, 2016 and is uptrending. It has outperformed by 12.51% the S&P500.
According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.”
Diversified Investment Strategies Llc holds 0.91% of its portfolio in HP Inc for 49,675 shares. International Value Advisers Llc owns 731,953 shares or 0.4% of their US portfolio. Moreover, Gotham Asset Management Llc has 0.39% invested in the company for 2.57 million shares. The Arkansas-based Horrell Capital Management Inc. has invested 0.3% in the stock. Wedgewood Investors Inc Pa, a Pennsylvania-based fund reported 15,310 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 sales for $4.50 million net activity.
Ratings analysis reveals 28% of Hewlett-Packard’s analysts are positive. Out of 25 Wall Street analysts rating Hewlett-Packard, 7 give it “Buy”, 0 “Sell” rating, while 18 recommend “Hold”. The lowest target is $6 while the high is $45. The stock’s average target of $21.63 is 45.46% above today’s ($14.87) share price. HPQ was included in 74 notes of analysts from August 17, 2015. The stock of HP Inc (NYSE:HPQ) has “Neutral” rating given on Tuesday, November 3 by Mizuho. The stock of HP Inc (NYSE:HPQ) has “Buy” rating given on Friday, October 16 by Deutsche Bank. Wells Fargo initiated the shares of HPQ in a report on Tuesday, November 3 with “Outperform” rating. The firm has “Outperform” rating by Credit Suisse given on Wednesday, November 25. UBS maintained the shares of HPQ in a report on Thursday, August 25 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 22. Credit Suisse initiated the shares of HPQ in a report on Monday, November 2 with “Outperform” rating. The firm has “Outperform” rating given on Monday, August 24 by Bernstein. The stock has “Neutral” rating given by UBS on Wednesday, November 4. The company was downgraded on Thursday, January 7 by Wells Fargo.
HP Inc., incorporated on February 11, 1998, is a well-known provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. The Firm sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.
More notable recent HP Inc (NYSE:HPQ) news were published by: Cnbc.com which released: “HP Inc drops nearly 7 percent after profit forecast disappoints” on November 23, 2016, also Marketwatch.com with their article: “HP Inc. earnings: What to expect” published on November 22, 2016, Marketwatch.com published: “Hewlett Packard Enterprise, HP Inc. both drop after earnings” on November 22, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Bloomberg.com and their article: “HP Inc. Dips on Forecast That Profit May Fall Before Cost Cuts” published on November 22, 2016 as well as Zacks.com‘s news article titled: “HP Inc. (HPQ) Q4 Earnings Match Estimates, Revenues Beat” with publication date: November 23, 2016.
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By Marie Mckinney