Achmea Investment Management B.V. Purchases 6,828 Shares of HP Inc. (HPQ)

Achmea Investment Management B.V. increased its position in HP Inc. (NYSE:HPQ) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,859 shares of the computer maker’s stock after acquiring an additional 6,828 shares during the period. Achmea Investment Management B.V.’s holdings in HP were worth $6,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in shares of HP by 0.4% in the 1st quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock worth $218,000 after acquiring an additional 41 shares during the period. Montecito Bank & Trust grew its holdings in HP by 0.3% during the 2nd quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock valued at $303,000 after buying an additional 60 shares during the last quarter. D.A. Davidson & CO. grew its holdings in HP by 1.1% during the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after buying an additional 85 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in HP by 0.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 17,435 shares of the computer maker’s stock valued at $305,000 after buying an additional 127 shares during the last quarter. Finally, Advisor Partners LLC grew its holdings in HP by 0.4% during the 2nd quarter. Advisor Partners LLC now owns 43,215 shares of the computer maker’s stock valued at $755,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

HPQ has been the topic of a number of recent analyst reports. ValuEngine raised HP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Guggenheim reaffirmed a “neutral” rating on shares of HP in a research report on Monday, October 2nd. Susquehanna Bancshares Inc began coverage on HP in a report on Thursday, July 13th. They issued a “neutral” rating and a $20.00 price target for the company. Morgan Stanley increased their price target on HP from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $20.00 target price on shares of HP in a research note on Sunday, October 8th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $21.57.

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Shares of HP Inc. (NYSE HPQ) traded down 0.09% on Friday, reaching $21.50. 20,420,567 shares of the company’s stock were exchanged. The firm has a market cap of $35.91 billion, a PE ratio of 15.62 and a beta of 1.94. HP Inc. has a one year low of $13.87 and a one year high of $22.31. The company has a 50 day moving average price of $20.35 and a 200 day moving average price of $19.05.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. Analysts expect that HP Inc. will post $1.65 EPS for the current fiscal year.

In other HP news, CEO Dion J. Weisler sold 95,521 shares of HP stock in a transaction on Monday, September 25th. The stock was sold at an average price of $19.97, for a total value of $1,907,554.37. Following the sale, the chief executive officer now owns 435,018 shares in the company, valued at $8,687,309.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dion J. Weisler sold 731,502 shares of HP stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total value of $14,608,094.94. Following the completion of the sale, the insider now directly owns 435,018 shares of the company’s stock, valued at $8,687,309.46. The disclosure for this sale can be found here. Insiders sold 1,206,355 shares of company stock worth $24,141,327 over the last three months. Corporate insiders own 0.62% of the company’s stock.

HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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