Advisory Services Network buys $145,143 stake in HP Inc (HPQ)

HP Inc (HPQ) : Advisory Services Network scooped up 807 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 9,316 shares of HP Inc which is valued at $145,143.HP Inc makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Arvest Bank Trust Division reduced its stake in HPQ by selling 3,115 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 440,835 shares of HPQ which is valued at $6,868,209. HP Inc makes up approx 0.58% of Arvest Bank Trust Division’s portfolio.Chevy Chase Trust Holdings reduced its stake in HPQ by selling 30,810 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 1,456,107 shares of HPQ which is valued at $22,758,952. HP Inc makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in HPQ by selling 1,000 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 12,050 shares of HPQ which is valued at $188,342. HP Inc makes up approx 0.03% of Franklin Street Advisors Inc Nc’s portfolio.Cacti Asset Management reduced its stake in HPQ by selling 5,000 shares or 13.89% in the most recent quarter. The Hedge Fund company now holds 31,000 shares of HPQ which is valued at $484,530. HP Inc makes up approx 0.05% of Cacti Asset Management’s portfolio.

HP Inc closed down -0.02 points or -0.13% at $15.58 with 54,58,221 shares getting traded on Friday. Post opening the session at $15.62, the shares hit an intraday low of $15.485 and an intraday high of $15.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, HP Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $0.45. The company had revenue of $11892.00 million for the quarter, compared to analysts expectations of $11491.65 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.88 EPS.

Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by RBC Capital Mkts on Oct 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Shares were Downgraded by Maxim Group on Aug 25, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $17 .Company shares were Reiterated by RBC Capital Mkts on Aug 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .

HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.

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