Nisa Investment Advisors LLC Sells 1,900 Shares of HP Inc. (NYSE:HPQ)

Nisa Investment Advisors LLC cut its position in HP Inc. (NYSE:HPQ) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 828,239 shares of the computer maker’s stock after selling 1,900 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of HP worth $15,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HPQ. Rothschild & Co Wealth Management UK Ltd bought a new stake in shares of HP during the 2nd quarter valued at $33,000. Transamerica Financial Advisors Inc. bought a new stake in shares of HP during the 2nd quarter valued at $38,000. Coastal Capital Group Inc. bought a new stake in shares of HP during the 2nd quarter valued at $39,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of HP during the 2nd quarter valued at $41,000. Finally, Berman Capital Advisors LLC raised its stake in shares of HP by 378.6% during the 2nd quarter. Berman Capital Advisors LLC now owns 2,034 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 1,609 shares during the period. Hedge funds and other institutional investors own 79.84% of the company’s stock.

Shares of NYSE:HPQ traded up $0.13 during trading on Friday, hitting $19.52. The stock had a trading volume of 21,217,413 shares, compared to its average volume of 11,513,799. HP Inc. has a 12 month low of $15.93 and a 12 month high of $25.49. The company has a market capitalization of $28.47 billion, a PE ratio of 9.66, a PEG ratio of 3.60 and a beta of 1.41. The firm’s fifty day moving average is $17.62 and its 200 day moving average is $19.24.

HP (NYSE:HPQ) last announced its earnings results on Thursday, August 22nd. The computer maker reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. HP had a negative return on equity of 265.02% and a net margin of 7.18%. The firm had revenue of $14.60 billion during the quarter, compared to analyst estimates of $14.58 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that HP Inc. will post 2.21 earnings per share for the current fiscal year.

In related news, insider Dion J. Weisler sold 437,171 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $18.01, for a total transaction of $7,873,449.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on HPQ shares. Bank of America cut their price objective on HP from $17.00 to $16.00 and set an “underperform” rating for the company in a report on Friday, October 4th. Zacks Investment Research cut HP from a “hold” rating to a “sell” rating and set a $21.00 price objective for the company. in a report on Thursday. Argus cut HP from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Morgan Stanley dropped their target price on HP from $21.00 to $20.00 and set a “weight” rating for the company in a report on Friday, October 4th. Finally, ValuEngine upgraded HP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. HP has a consensus rating of “Hold” and an average target price of $19.80.

About HP

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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