Time to Buy HP Inc After Today’s Option Traders Bet?


 Time to Buy HP Inc After Today's Option Traders Bet?

In today’s session HP Inc (HPQ) registered an unusually high (2,728) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious HPQ increase. With 2,728 contracts traded and 49214 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: HPQ161216C00016000 closed last at: $0.57 or 5.6% up. The stock decreased 1.85% or $0.29 during the last trading session, hitting $15.36. About 12.29M shares traded hands or 1.99% up from the average. HP Inc (NYSE:HPQ) has risen 43.18% since March 1, 2016 and is uptrending. It has outperformed by 33.94% the S&P500.

HP Inc (NYSE:HPQ) Ratings Coverage

Out of 25 analysts covering Hewlett-Packard (NYSE:HPQ), 8 rate it a “Buy”, 0 “Sell”, while 17 “Hold”. This means 32% are positive. $45 is the highest target while $6 is the lowest. The $21.35 average target is 39.00% above today’s ($15.36) stock price. Hewlett-Packard has been the topic of 68 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Citigroup maintained HP Inc (NYSE:HPQ) on Thursday, August 25 with “Neutral” rating. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, January 7. Pacific Crest maintained the stock with “Equal Weight” rating in Monday, August 24 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 22 report. The stock has “Overweight” rating given by Morgan Stanley on Monday, August 24. The stock has “Outperform” rating given by Credit Suisse on Sunday, September 6. FBN Securities initiated HP Inc (NYSE:HPQ) rating on Wednesday, November 25. FBN Securities has “Sector Perform” rating and $13.50 price target. The firm earned “Neutral” rating on Tuesday, November 3 by Citigroup. The stock of HP Inc (NYSE:HPQ) earned “Neutral” rating by UBS on Wednesday, November 4. The firm has “Outperform” rating given on Monday, August 24 by FBN Securities.

Insitutional Activity: The institutional sentiment increased to 0.57 in 2016 Q2. Its up 0.24, from 0.33 in 2016Q1. The ratio increased, as 9 funds sold all HP Inc shares owned while 12 reduced positions. 4 funds bought stakes while 8 increased positions. They now own 4.91 million shares or 18.11% less from 6.00 million shares in 2016Q1.
Eagle Asset Mngmt last reported 133,720 shares in the company. Budros Ruhlin And Roe Inc accumulated 26,946 shares or 0.11% of the stock. Huntington Retail Bank reported 118,224 shares or 0.09% of all its holdings. Wedgewood Invsts Inc Pa holds 0.18% or 15,310 shares in its portfolio. Balasa Dinverno & Foltz Lc accumulated 0.15% or 65,334 shares. The California-based Grassi Inv Mngmt has invested 0.07% in HP Inc (NYSE:HPQ). Prudential Public Limited Company has 14,000 shares for 0% of their US portfolio. Private Ocean Limited Liability Corporation last reported 0.02% of its portfolio in the stock. Concannon Wealth Ltd Company, a Pennsylvania-based fund reported 127 shares. Schwartz Invest Counsel Incorporated accumulated 102,000 shares or 0.13% of the stock. Westport Resources holds 2,674 shares or 0.01% of its portfolio. Value Advisers Limited Liability Com accumulated 0.4% or 731,953 shares. Eqis Cap Mgmt holds 0.04% or 27,286 shares in its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.03% or 17,200 shares in its portfolio. The Minnesota-based Jnba Finance Advsr has invested 0.01% in HP Inc (NYSE:HPQ).

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 5 selling transactions for $7.13 million net activity. MYERS MARIE also sold $149,414 worth of HP Inc (NYSE:HPQ) on Monday, August 29. KEOGH TRACY S sold $1.45M worth of stock or 100,000 shares.

HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company has a market cap of $26.48 billion. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. It has a 7.43 P/E ratio. The Company’s Personal Systems segment provides commercial personal computers , consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.

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