Centaurus Financial Inc. Takes Position in HP Inc. (NYSE:HPQ)

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Centaurus Financial Inc. purchased a new position in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,395 shares of the computer maker’s stock, valued at approximately $281,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Boston Partners boosted its position in HP by 7.3% in the 2nd quarter. Boston Partners now owns 38,822,978 shares of the computer maker’s stock valued at $880,893,000 after buying an additional 2,637,787 shares during the period. Natixis boosted its position in HP by 8,339.5% in the 2nd quarter. Natixis now owns 2,528,982 shares of the computer maker’s stock valued at $57,383,000 after buying an additional 2,499,016 shares during the period. Hexavest Inc. purchased a new stake in HP in the 2nd quarter valued at about $48,329,000. Point72 Asset Management L.P. purchased a new stake in HP in the 2nd quarter valued at about $40,308,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in HP in the 2nd quarter valued at about $31,924,000. 79.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HPQ traded up $0.66 during trading hours on Friday, hitting $23.67. 11,813,881 shares of the stock were exchanged, compared to its average volume of 9,064,637. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of -2.55. The firm has a market cap of $40.78 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64. HP Inc. has a 12 month low of $19.31 and a 12 month high of $27.08.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, August 23rd. The computer maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $14.59 billion during the quarter, compared to analyst estimates of $14.29 billion. HP had a net margin of 7.95% and a negative return on equity of 130.47%. HP’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. On average, equities research analysts anticipate that HP Inc. will post 2.02 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Susquehanna Bancshares set a $25.00 price target on shares of HP and gave the stock a “hold” rating in a research report on Thursday, October 4th. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday. Argus reaffirmed a “buy” rating on shares of HP in a research report on Monday, October 8th. ValuEngine raised shares of HP from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, UBS Group upped their price target on shares of HP from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.44.

In related news, COO Catherine A. Lesjak sold 693,594 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $25.78, for a total transaction of $17,880,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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