HP Inc. (HPQ): Watch What Institutional Investors Are Doing

HP Inc. (NYSE:HPQ) reached 1.76% versus a 1-year low price of $19.31. The stock was last seen -2.09% lower, reaching at $19.65 on 12/21/2018. At recent session, the prices were hovering between $19.63 and $20.38. This company shares are 39.59% off its target price of $27.43 and the current market capitalization stands at $31.49B. The recent change has given its price a -15.99% deficit over SMA 50 and -27.44% deficit over its 52-week high. The stock witnessed -13.09% declines, -23.93% declines and -17.44% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HPQ’s volatility during a week at 4.3% and during a month it has been found around 3.5%.

HP Inc. (HPQ) Top Holders

Institutional investors currently hold around $24.96 billion or 83.3% in HPQ stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.49 billion in HP Inc., which represents roughly 7.92% of the company’s market cap and approximately 9.99% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 105,799,419 shares of the stock are valued at $2.08 billion. The third largest holder is Dodge & Cox, which currently holds $1.61 billion worth of this stock and that ownership represents nearly 5.1% of its market capitalization.

HP Inc. 13F Filings

At the end of September reporting period, 375 institutional holders increased their position in HP Inc. (NYSE:HPQ) by some 58,598,298 shares, 474 decreased positions by 75,389,051 and 169 held positions by 1,136,000,000. That puts total institutional holdings at 1,270,000,000 shares, according to SEC filings. The stock grabbed 73 new institutional investments totaling 3,684,164 shares while 60 institutional investors sold out their entire positions totaling 4,605,269 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 President, Personal Systems Cho Alex has sold 28,774 shares of HP Inc. (HPQ) in trading session dated Dec. 14, 2018. These shares are worth $641,660 and were traded at $22.3 each. The SEC filing shows that Weisler Dion J performed a sale of 116,134 shares. The President and CEO disposed these shares by way of transaction on Dec. 11, 2018. The company’s shares were given away at $22.99 per share worth to an income of some $2,669,921 on account of Weisler Dion J.

President, Personal Systems, Cho Alex, sold 3,879 common shares of HP Inc. (HPQ) in the open market. In a transaction dated Dec. 03, 2018, the shares were put up for sale at an average price of $23.68, raking in a sum of $91,855. After this sale, common shares of HPQ are directly owned by the insider, with total stake valued at $.

In the transaction dated Nov. 14, 2018, the great number of shares disposed came courtesy the Chief Legal Officer, GC & Sec; Rivera Kim M disposed a total of 46,072 shares at an average price of $24.14, amounting to approximately $1,112,178. The insider now directly owns 15,241 shares worth $299,486.

HP Inc. (HPQ) Analyst Guide

Several analysts have released their opinion on HP Inc. (NYSE:HPQ), with 7 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.