DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,231,457 Shares of HP Inc. (NYSE:HPQ)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in shares of HP Inc. (NYSE:HPQ) by 44.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556,856 shares of the computer maker’s stock after selling 1,231,457 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.17% of HP worth $50,800,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HPQ. Norges Bank acquired a new stake in HP in the 4th quarter worth approximately $229,320,000. KBC Group NV lifted its stake in shares of HP by 145.1% in the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock worth $116,031,000 after buying an additional 2,105,104 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of HP during the 4th quarter worth $65,260,000. Northern Trust Corp grew its stake in HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker’s stock valued at $419,126,000 after buying an additional 1,755,942 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in HP in the 4th quarter worth $55,915,000. 77.53% of the stock is currently owned by institutional investors.

Insider Activity at HP

In other news, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HPQ shares. Morgan Stanley dropped their price objective on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Citigroup cut their price target on HP from $36.50 to $25.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Barclays increased their price objective on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Wells Fargo & Company upped their target price on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, TD Cowen reduced their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.83.

HP Stock Up 1.8 %

NYSE HPQ opened at $26.32 on Friday. The stock has a market cap of $24.81 billion, a P/E ratio of 9.36, a PEG ratio of 2.96 and a beta of 1.32. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The company’s 50-day simple moving average is $26.29 and its 200 day simple moving average is $31.66.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

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.