HP Inc Draws Bearish Options Activity Today

 HP Inc Draws Bearish Options Activity Today

In today’s session HP Inc (HPQ) recorded an unusually high (671) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious HPQ decrease. With 671 contracts traded and 6034 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: HPQ161216P00015000 closed last at: $0.93 or 9.7% down. About 3.01 million shares traded hands. HP Inc (NYSE:HPQ) has risen 23.10% since April 5, 2016 and is uptrending. It has outperformed by 21.14% 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 $21.51 average target is 41.42% above today’s ($15.21) stock price. Hewlett-Packard has been the topic of 72 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, November 4. The firm earned “Hold” rating on Thursday, August 25 by Maxim Group. The firm earned “Equal Weight” rating on Thursday, February 25 by Barclays Capital. The stock has “Hold” rating given by Raymond James on Friday, August 28. As per Tuesday, November 3, the company rating was maintained by Mizuho. The stock of HP Inc (NYSE:HPQ) earned “Buy” rating by Argus Research on Monday, August 29. The firm earned “Hold” rating on Thursday, September 17 by Needham. As per Wednesday, November 25, the company rating was downgraded by Needham. The stock of HP Inc (NYSE:HPQ) earned “Outperform” rating by Credit Suisse on Monday, November 2. The rating was initiated by Monness Crespi & Hardt on Monday, November 2 with “Neutral”.

According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment increased to 0.57 in 2016 Q2. Its up 0.24, from 0.33 in 2016Q1. The ratio improved, 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.
Palisade Asset Limited Company has invested 0.07% of its portfolio in HP Inc (NYSE:HPQ). Horrell Cap Management Incorporated holds 27,389 shares or 0.3% of its portfolio. Gulf International National Bank (Uk) Limited holds 0.11% of its portfolio in HP Inc (NYSE:HPQ) for 543,099 shares. Wendell David Associate has 0.07% invested in the company for 27,700 shares. Balasa Dinverno Foltz Ltd Liability Com reported 65,334 shares or 0.15% of all its holdings. Diversified Invest Strategies Lc holds 0.91% of its portfolio in HP Inc (NYSE:HPQ) for 49,675 shares. The Pennsylvania-based Blue Bell Private Wealth Mngmt Ltd Liability Company has invested 0.01% in HP Inc (NYSE:HPQ). Nelson Roberts Investment Advsrs Limited Liability, a California-based fund reported 280 shares. Value Advisers Limited Liability Corporation holds 0.4% or 731,953 shares in its portfolio. The Connecticut-based Greenwich Wealth Management Ltd Liability has invested 0.06% in HP Inc (NYSE:HPQ). Prentiss Smith Commerce accumulated 0% or 500 shares. Budros Ruhlin Roe Inc, a Ohio-based fund reported 26,946 shares. Moreover, North Star Asset Mngmt has 0.04% invested in HP Inc (NYSE:HPQ) for 28,619 shares. Eqis Capital holds 27,286 shares or 0.04% of its portfolio. Jnba Fincl Advisors has 0.01% invested in the company for 3,469 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 5 selling transactions for $7.13 million net activity. Shares for $149,414 were sold by MYERS MARIE. 100,000 shares were sold by KEOGH TRACY S, worth $1.45M on Monday, August 15.

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 $26.62 billion. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. It has a 7.36 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.

HPQ Company Profile

HP Inc., incorporated on February 11, 1998, is a well-known provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. The Firm sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.

More notable recent HP Inc (NYSE:HPQ) news were published by: Fortune.com which released: “HP Inc.’s CEO Reflects on Dell, Apple, and Microsoft” on November 02, 2016, also Cnbc.com with their article: “HP Inc could cut 3000 to 4000 jobs over next three years” published on October 13, 2016, Forbes.com published: “What Vitaly M. Golomb Of HP Tech Ventures Looks For In Frontier Tech Startups” on October 31, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Fool.com and their article: “HP Inc’s Job Cuts Are Painful but Necessary” published on October 19, 2016 as well as Fool.com‘s news article titled: “Better Buy: HP Inc. or Xerox Corp?” with publication date: October 13, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment