Nisa Investment Advisors LLC Has $14.07 Million Stake in HP Inc. (NYSE:HPQ)

Nisa Investment Advisors LLC decreased its position in HP Inc. (NYSE:HPQ) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,624 shares of the computer maker’s stock after selling 6,767 shares during the period. Nisa Investment Advisors LLC’s holdings in HP were worth $14,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mainstay Capital Management LLC ADV raised its holdings in shares of HP by 20.4% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 56,683 shares of the computer maker’s stock valued at $1,706,000 after purchasing an additional 9,622 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of HP by 87.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock valued at $22,960,000 after purchasing an additional 358,231 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of HP during the fourth quarter valued at about $393,000. New York State Teachers Retirement System raised its holdings in shares of HP by 1.7% during the fourth quarter. New York State Teachers Retirement System now owns 918,802 shares of the computer maker’s stock valued at $27,647,000 after purchasing an additional 15,651 shares during the period. Finally, Venture Visionary Partners LLC acquired a new position in shares of HP during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the sale, the director now directly owns 60,216 shares in the company, valued at approximately $1,807,082.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now owns 56,169 shares in the company, valued at $1,642,381.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is owned by corporate insiders.

HP Stock Up 0.7 %

HP stock opened at $29.33 on Tuesday. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90. The firm has a 50 day moving average price of $29.36 and a 200-day moving average price of $28.66. The company has a market capitalization of $28.76 billion, a P/E ratio of 8.57, a P/E/G ratio of 2.43 and a beta of 1.05.

HP (NYSE:HPQ) last released its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. Equities analysts expect that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio is currently 32.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI upgraded shares of HP from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $40.00 in a report on Monday, December 11th. Barclays boosted their target price on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, February 29th. Morgan Stanley raised shares of HP from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, December 12th. HSBC raised shares of HP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. Finally, StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Company 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.