The stock of HP Inc (NYSE:HPQ) is a huge mover today! About 3.57 million shares traded hands. HP Inc (NYSE:HPQ) has risen 27.70% since April 11, 2016 and is uptrending. It has outperformed by 21.55% the S&P500.
The move comes after 9 months positive chart setup for the $26.48 billion company. It was reported on Nov, 11 by Barchart.com. We have $24.90 PT which if reached, will make NYSE:HPQ worth $15.89B more.
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. Hewlett-Packard has been the topic of 72 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, August 28 by Raymond James. Deutsche Bank maintained it with “Buy” rating and $40 target price in Friday, October 16 report. Maxim Group upgraded the stock to “Buy” rating in Monday, November 23 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, October 14 report. The firm earned “Neutral” rating on Thursday, August 25 by Citigroup. The company was initiated on Tuesday, November 3 by Bernstein. The stock of HP Inc (NYSE:HPQ) has “Market Perform” rating given on Friday, December 11 by BMO Capital Markets. The company was maintained on Thursday, August 25 by Deutsche Bank. Scotia Capital maintained it with “Strong Buy” rating and $34 target price in Thursday, September 17 report. The firm earned “Outperform” rating on Monday, August 24 by FBN Securities.
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 is positive, 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.
Focused Wealth Management has 0.11% invested in the company for 18,527 shares. The Arizona-based Mutual Of Omaha Natl Bank Wealth Mgmt has invested 0.15% in HP Inc (NYSE:HPQ). Mitchell Mcleod Pugh And Williams has 10,985 shares for 0.12% of their US portfolio. Schwartz Invest Counsel holds 0.13% of its portfolio in HP Inc (NYSE:HPQ) for 102,000 shares. Wendell David Assoc last reported 0.07% of its portfolio in the stock. Palisade Asset Mgmt Limited Liability Co owns 29,180 shares or 0.07% of their US portfolio. Balasa Dinverno And Foltz accumulated 0.15% or 65,334 shares. Vantage Lc last reported 0% of its portfolio in the stock. Nelson Roberts Investment Advsr Limited Liability Company holds 0% of its portfolio in HP Inc (NYSE:HPQ) for 280 shares. Gulf Bankshares (Uk) Ltd, a United Kingdom-based fund reported 543,099 shares. Prentiss Smith reported 500 shares or 0% of all its holdings. Huntington Bancshares has invested 0.09% of its portfolio in HP Inc (NYSE:HPQ). Palo Capital Incorporated last reported 32,400 shares in the company. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.03% invested in HP Inc (NYSE:HPQ) for 17,200 shares. Tirschwell Loewy accumulated 22,000 shares or 0.05% of the stock.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 5 selling transactions for $7.13 million net activity. Another trade for 10,269 shares valued at $149,414 was made by MYERS MARIE on Monday, August 29. On Monday, August 15 the insider KEOGH TRACY S sold $1.45 million.
More notable recent HP Inc (NYSE:HPQ) news were published by: Fool.com which released: “Why HP Inc. Needs to Win the 3D Printing Market” on November 09, 2016, also Fortune.com with their article: “HP Inc.’s CEO Reflects on Dell, Apple, and Microsoft” published on November 02, 2016, Cnbc.com published: “HP Inc could cut 3000 to 4000 jobs over next three years” on October 13, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Forbes.com and their article: “What Vitaly M. Golomb Of HP Tech Ventures Looks For In Frontier Tech Startups” published on October 31, 2016 as well as Fool.com‘s news article titled: “HP Inc’s Job Cuts Are Painful but Necessary” with publication date: October 19, 2016.
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.
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