Are Hedge Funds Betting Against HP Inc. (HPQ)?

HP Inc. (NYSE:HPQ) produced a 31.23% rally since recording the worst price of $19.31. Thanks to the latest -4.09% decrease, it now trades at $25.34. Throughout the trading on 10/05/2018, the share price floated between $25.215 and $26.43. This company shares are 10.5% off its target price of $28 and the current market capitalization stands at $41.81B. The recent change has given its price a 2.89% lead over SMA 50 and -6.43% deficit over its 52-week high. The stock witnessed 2.67% gains, 8.43% gains and 21.3% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HPQ’s volatility during a week at 2.69%.

HP Inc. (HPQ) Top Holders

Institutional investors currently hold around $32.6 billion or 84.4% in HPQ stock. Look at its top three institutional owners. Vanguard Group Inc owns $3.26 billion in HP Inc., which represents roughly 7.8% of the company’s market cap and approximately 10% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 107,468,653 shares of the stock are valued at $2.72 billion. The third largest holder is Dodge & Cox, which currently holds $2.09 billion worth of this stock and that ownership represents nearly 4.99% of its market capitalization.

HP Inc. 13F Filings

At the end of June reporting period, 403 institutional holders increased their position in HP Inc. (NYSE:HPQ) by some 56,556,877 shares, 423 decreased positions by 75,751,079 and 179 held positions by 1,154,000,000. That puts total institutional holdings at 1,287,000,000 shares, according to SEC filings. The stock grabbed 76 new institutional investments totaling 8,225,244 shares while 62 institutional investors sold out their entire positions totaling 18,346,839 shares.

HP Inc. (NYSE:HPQ) Insider Trades

Multiple company employees have indulged in significant insider trading. HP Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Interim COO Lesjak Catherine A has sold 693,594 shares of HP Inc. (HPQ) in trading session dated Oct. 01, 2018. These shares are worth $17,880,853 and were traded at $25.78 each. The SEC filing shows that Myers Marie performed a sale of 8,470 shares. The Global Controller, HFS & PAO disposed these shares by way of transaction on Jun. 29, 2018. The company’s shares were given away at $22.85 per share worth to an income of some $193,540 on account of Myers Marie.

Chief HR Officer, Keogh Tracy S, sold 117,275 common shares of HP Inc. (HPQ) in the open market. In a transaction dated Jun. 11, 2018, the shares were put up for sale at an average price of $24, raking in a sum of $2,814,600. After this sale, 126,251 common shares of HPQ are directly owned by the insider, with total stake valued at $3,199,200.

In the transaction dated Jun. 06, 2018, the great number of shares disposed came courtesy the Chief HR Officer; Keogh Tracy S disposed a total of 96,926 shares at an average price of $23.5, amounting to approximately $2,277,761. The insider now directly owns 126,251 shares worth $3,199,200.

HP Inc. (HPQ) Analyst Guide

Several analysts have released their opinion on HP Inc. (NYSE:HPQ), with 8 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.94 average brokerage recommendation.