Landscape Capital Management L.L.C. Makes New Investment in HP Inc. (NYSE:HPQ)

Landscape Capital Management L.L.C. acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, Holdings Channel.com reports. The fund acquired 58,004 shares of the computer maker’s stock, valued at approximately $1,893,000.

Other institutional investors have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in HP during the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in HP during the 4th quarter worth approximately $31,000. OFI Invest Asset Management acquired a new position in shares of HP in the 4th quarter valued at approximately $37,000. Wingate Wealth Advisors Inc. purchased a new position in shares of HP during the 4th quarter valued at approximately $50,000. Finally, Summit Securities Group LLC acquired a new stake in shares of HP during the fourth quarter worth approximately $55,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Sanford C. Bernstein upped their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Morgan Stanley reduced their target price on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. TD Cowen lowered their price target on HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. Loop Capital reduced their price objective on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. Finally, Barclays boosted their target price on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of “Hold” and an average price target of $36.14.

HP Stock Down 5.0 %

Shares of HPQ opened at $22.58 on Friday. HP Inc. has a 52-week low of $21.96 and a 52-week high of $39.80. The firm has a market capitalization of $21.29 billion, a PE ratio of 8.04, a P/E/G ratio of 2.96 and a beta of 1.09. The firm has a 50-day moving average price of $30.78 and a 200 day moving average price of $33.72.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. On average, equities analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 5.13%. The ex-dividend date was Wednesday, March 12th. HP’s dividend payout ratio is presently 41.37%.

Insider Buying and Selling

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

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.