Oregon Public Employees Retirement Fund lessened its holdings in HP Inc. (NYSE:HPQ – Get Rating) by 1.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 620,832 shares of the computer maker's stock after selling 8,477 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in HP were worth $20,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of HP by 0.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 103,240 shares of the computer maker's stock worth $3,748,000 after buying an additional 527 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of HP by 32.3% in the first quarter. Arkadios Wealth Advisors now owns 10,438 shares of the computer maker's stock worth $379,000 after buying an additional 2,549 shares in the last quarter. Kowal Investment Group LLC purchased a new stake in shares of HP in the first quarter worth $267,000. DekaBank Deutsche Girozentrale raised its position in shares of HP by 9.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 627,640 shares of the computer maker's stock worth $23,944,000 after buying an additional 53,763 shares in the last quarter. Finally, Ellevest Inc. raised its position in shares of HP by 10.5% in the first quarter. Ellevest Inc. now owns 13,588 shares of the computer maker's stock worth $493,000 after buying an additional 1,286 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,000 shares of HP stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $25.23, for a total transaction of $857,820.00. Following the sale, the chief executive officer now directly owns 517,204 shares of the company's stock, valued at approximately $13,049,056.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other HP news, CEO Enrique Lores sold 34,000 shares of HP stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $25.23, for a total transaction of $857,820.00. Following the sale, the chief executive officer now directly owns 517,204 shares of the company's stock, valued at approximately $13,049,056.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Marie Myers sold 4,500 shares of HP stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.05, for a total value of $148,725.00. Following the sale, the chief financial officer now directly owns 13,500 shares in the company, valued at $446,175. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HP Stock Performance

Shares of NYSE HPQ traded up $0.01 during trading hours on Wednesday, hitting $26.65. The company's stock had a trading volume of 180,027 shares, compared to its average volume of 10,927,305. The stock has a market cap of $26.81 billion, a price-to-earnings ratio of 4.67, a P/E/G ratio of 2.32 and a beta of 0.98. HP Inc. has a 12 month low of $24.74 and a 12 month high of $41.47. The business has a 50-day simple moving average of $30.06 and a 200-day simple moving average of $33.86.

HP (NYSE:HPQ – Get Rating) last posted its earnings results on Tuesday, August 30th. The computer maker reported $1.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.04. The company had revenue of $14.66 billion for the quarter, compared to analysts' expectations of $15.63 billion. HP had a negative return on equity of 220.16% and a net margin of 9.72%. HP's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. On average, equities research analysts forecast that HP Inc. will post 4.08 EPS for the current year.

HP Profile

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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.

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