Saddle Road Partners buys $199,351 stake in HP Inc (HPQ)

HP Inc (HPQ) : Saddle Road Partners scooped up 3,051 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 15,809 shares of HP Inc which is valued at $199,351.HP Inc makes up approximately 0.04% of Saddle Road Partners’s portfolio.

HP Inc opened for trading at $12.66 and hit $12.79 on the upside on Wednesday, eventually ending the session at $12.76, with a gain of 0.24% or 0.03 points. The heightened volatility saw the trading volume jump to 1,05,30,745 shares. Company has a market cap of $22,163 M.

Other Hedge Funds, Including , Reik sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 38,440 shares of HPQ which is valued $484,728.Fisher Asset Management reduced its stake in HPQ by selling 25,078 shares or 66.07% in the most recent quarter. The Hedge Fund company now holds 12,880 shares of HPQ which is valued at $162,417. Kanaly Trust Co added HPQ to its portfolio by purchasing 12,040 company shares during the most recent quarter which is valued at $150,741. HP Inc makes up approx 0.03% of Kanaly Trust Co’s portfolio.Breton Hill Capital Ltd. boosted its stake in HPQ in the latest quarter, The investment management firm added 47,114 additional shares and now holds a total of 130,558 shares of HP Inc which is valued at $1,634,586. HP Inc makes up approx 0.60% of Breton Hill Capital Ltd.’s portfolio. Stewart Patten Co sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 10,100 shares of HPQ which is valued $126,452.

On the company’s financial health, HP Inc reported $0.36 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $12246.00 million for the quarter, compared to analysts expectations of $12031.50 million. The company’s revenue was down -11.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by RBC Capital Mkts on Mar 14, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Shares were Reiterated by Barclays on Feb 25, 2016 to “Equal Weight” and Lowered the Price Target to $ 13 from a previous price target of $14 .Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $16 .

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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