HP Inc’s (NYSE:HPQ) Shares Fall Further – What’s Up?


HP Inc (NYSE:HPQ) Shares have continued to fall this morning without any major news to spark the drop. Shares are down considerably from last Tuesday when the stock was trading in the high $14 range. Investors have to be shaking their heads at what’s happening with this stock, especially given the fact that Hewlett Packard Enterprise (NYSE:HPE) shares (The company they split from) are up nicely since the start of November.

HP Inc’s (NYSE:HPQ) reliance on PCs and Notebooks may have investors worried about the future of the industry. With that said, the company is inching their way into the growing 3D printing space and with time could become a dominant player. Patience may be key in this case if you have the stomach to wait things out. The stock is down 3.61% or $0.46 following the news, hitting $12.28 per share. Approximately 6.31 million shares traded hands. HPQ shares have declined 61.76% since April 29, 2015 and are currently downtrending. It has underperformed the S&P500 by 61.56%.

From a total of 23 analysts covering Hewlett-Packard (NYSE:HPQ) stock, 9 rate it a “Buy”, 0 a “Sell”, and 14 a “Hold”. This means that 39% of the ratings are positive. The highest target price is $45 while the lowest target price is $6. The mean of all analyst targets is $22.96 which is 86.97% above today’s ($12.28) stock price. Hewlett-Packard was the topic of 53 analyst reports since August 17, 2015 according to the firm StockzIntelligence Inc. FBN Securities initiated shares on November 25 with a “Sector Perform” rating. Brean Capital initiated shares with a”Buy” rating and a $18 target share price in their report from a November 6. Credit Suisse maintained HPQ stock in a recent report from November 25 with a “Outperform” rating. Barclays Capital upgraded the rating on November 4. Barclays Capital has a “Equal-Weight” rating and a $14 price target on shares. Finally, Maxim Group upgraded the stock to a “Buy” rating in a report they issued on a November 23.

The institutional sentiment increased to 0.86 in Q2 2015. It’s up 0.05, from 0.81 in 2015Q1. The ratio increased, as 72 funds sold all their HP Inc shares they owned while 356 reduced their positions. 76 funds bought stakes while 293 increased their total positions. Institutions now own 1.37 billion shares which is 3.97% less than the previous share count of 1.43 billion in 2015Q1.

Oldfield Partners Llp holds 11.96% of its total portfolio in HP Inc, equating to 6.77 million shares. Lamond Capital Partners Llc owns 337,000 shares representing 10.27% of their total US portfolio. Moreover, Goodhaven Capital Management Llc has 7.49% of their total portfolio invested in the company, equating to 786,086 shares. The California-based Dodge & Cox has a total of 4.68% of their portfolio invested in the stock. Valueworks Llc, a New York-based fund reported 265,965 shares owned.

Since March 5, 2015, the stock had 0 insider purchases, and 13 selling transactions for a total of $17.02 million in net activity. Lesjak Catherine A sold 6,282 shares worth $165,531. Weisler Dion J sold 40,000 shares worth $1.01 million. Fink Martin sold 23,069 shares worth $567,696. Ricci Jeff T sold 7,243 shares worth $186,073. The insider Youngjohns Robert sold 21,143 shares worth $543,164.

HP INC, formerly Hewlett-Packard Company , is a global well-known provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors. The company has a market cap of $22.08 billion. The Firm offers IT industry’s broadest portfolios of services and products that bring infrastructure, software, and services through innovation to enable its clients to create value and solve business problems. It has 4.95 P/E ratio. The Firm creates its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units.