PDT Partners LLC grew its stake in shares of HP Inc. (NYSE:HPQ) by 16.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 666,467 shares of the computer maker’s stock after buying an additional 94,967 shares during the period. PDT Partners LLC’s holdings in HP were worth $11,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in HP by 19.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after buying an additional 1,013 shares during the last quarter. American Beacon Advisors Inc. bought a new position in HP during the first quarter worth about $112,000. First Command Bank boosted its holdings in HP by 80.0% during the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after buying an additional 2,984 shares during the last quarter. Evercore Wealth Management LLC boosted its holdings in HP by 14.0% during the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after buying an additional 836 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in HP by 15.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock worth $130,000 after buying an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

In other news, Director Margaret C. Whitman sold 295,952 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $18.02, for a total value of $5,333,055.04. Following the completion of the sale, the director now directly owns 618,865 shares of the company’s stock, valued at $11,151,947.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marie Myers sold 10,025 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.50, for a total value of $195,487.50. Following the completion of the sale, the insider now directly owns 10,025 shares of the company’s stock, valued at $195,487.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,530,169 shares of company stock valued at $48,902,046. Company insiders own 0.62% of the company’s stock.

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Shares of HP Inc. (NYSE:HPQ) traded down 0.05% on Friday, hitting $19.96. The stock had a trading volume of 6,704,565 shares. The company has a 50-day moving average of $19.18 and a 200 day moving average of $18.44. The company has a market capitalization of $33.34 billion, a price-to-earnings ratio of 14.51 and a beta of 1.93. HP Inc. has a 52 week low of $13.77 and a 52 week high of $20.11.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. On average, equities research analysts predict that HP Inc. will post $1.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.1327 dividend. This represents a $0.53 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is presently 38.41%.

A number of brokerages have issued reports on HPQ. Royal Bank Of Canada upgraded HP from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $21.00 to $22.00 in a report on Thursday, July 20th. Stifel Nicolaus restated a “hold” rating and set a $14.00 target price on shares of HP in a report on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and set a $20.00 target price on shares of HP in a report on Thursday, August 24th. Mizuho restated a “buy” rating and set a $21.00 target price on shares of HP in a report on Thursday, August 24th. Finally, Susquehanna Bancshares Inc began coverage on HP in a report on Thursday, July 13th. They set a “neutral” rating and a $20.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.57.

About HP

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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