Hewlett Packard Co Institutional Investor Sentiment Improved in Q2 2018

September 30, 2018 - By Megan Stone

HP Inc. (NYSE:HPQ) Logo

Sentiment for Hewlett Packard Co (NYSE:HPQ)

Hewlett Packard Co (NYSE:HPQ) institutional sentiment increased to 1.5 in Q2 2018. Its up 0.80, from 0.7 in 2018Q1. The ratio has improved, as 9 hedge funds started new or increased holdings, while 6 sold and decreased their stock positions in Hewlett Packard Co. The hedge funds in our partner’s database now own: 2.04 million shares, up from 1.93 million shares in 2018Q1. Also, the number of hedge funds holding Hewlett Packard Co in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 2 Increased: 6 New Position: 3.

HP Inc. provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including clients in the government, health, and education sectors worldwide. The company has market cap of $40.78 billion. It operates through Personal Systems and Printing divisions. It has a 9.4 P/E ratio. The Personal Systems segment offers commercial personal computers , 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.

The stock increased 0.55% or $0.14 during the last trading session, reaching $25.77. About 9.17 million shares traded or 24.44% up from the average. HP Inc. (NYSE:HPQ) has risen 26.28% since September 30, 2017 and is uptrending. It has outperformed by 10.66% the S&P500.

Analysts await HP Inc. (NYSE:HPQ) to report earnings on November, 20. They expect $0.54 EPS, up 22.73 % or $0.10 from last year’s $0.44 per share. HPQ’s profit will be $854.51M for 11.93 P/E if the $0.54 EPS becomes a reality. After $0.52 actual EPS reported by HP Inc. for the previous quarter, Wall Street now forecasts 3.85 % EPS growth.

Grassi Investment Management holds 1.35% of its portfolio in HP Inc. for 371,802 shares. Greenwich Wealth Management Llc owns 142,066 shares or 0.57% of their US portfolio. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.22% invested in the company for 240,551 shares. The Illinois-based Balasa Dinverno & Foltz Llc has invested 0.19% in the stock. Mitchell Mcleod Pugh & Williams Inc, a Alabama-based fund reported 10,845 shares.

Since January 1, 0001, it had 0 insider purchases, and 5 insider sales for $8.45 million activity.

HP Inc. (NYSE:HPQ) Ratings Coverage

Ratings analysis reveals 50% of HP Inc’s analysts are positive. Out of 4 Wall Street analysts rating HP Inc, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $26 while the high is $30. The stock’s average target of $28.50 is 10.59% above today’s ($25.77) share price. HPQ was included in 6 notes of analysts from May 30, 2018. The company was maintained on Wednesday, May 30 by Morgan Stanley. Wells Fargo maintained the stock with “Market Perform” rating in Friday, August 24 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, August 24. On Wednesday, May 30 the stock rating was upgraded by Maxim Group to “Buy”. The firm earned “Buy” rating on Friday, August 24 by Maxim Group. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, August 24.

Another recent and important HP Inc. (NYSE:HPQ) news was published by Seekingalpha.com which published an article titled: “Personalization Is The Latest Theme – Cramer’s Mad Money (9/27/18)” on September 28, 2018.

HP Inc. (NYSE:HPQ) Ratings Chart

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