Atria Wealth Solutions Inc. Buys 2,086 Shares of HP Inc. (NYSE:HPQ)

Atria Wealth Solutions Inc. boosted its stake in shares of HP Inc. (NYSE:HPQ) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,318 shares of the computer maker’s stock after purchasing an additional 2,086 shares during the period. Atria Wealth Solutions Inc.’s holdings in HP were worth $887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its stake in shares of HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after purchasing an additional 397 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of HP during the 4th quarter worth $28,000. Janiczek Wealth Management LLC grew its position in shares of HP by 116.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after acquiring an additional 566 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of HP in the 4th quarter worth $34,000. Finally, Salem Investment Counselors Inc. raised its holdings in HP by 47.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPQ. StockNews.com cut HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays increased their price objective on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Insider Activity

In related news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other HP news, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the sale, the director now directly owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is currently owned by insiders.

HP Stock Performance

HPQ opened at $28.18 on Friday. The stock has a market capitalization of $27.63 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 2.32 and a beta of 1.06. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The company has a fifty day moving average of $29.22 and a 200 day moving average of $28.88.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts forecast that HP Inc. will post 3.42 earnings per share for the current year.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), 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.