Blackrock Is Buying Hp Inc. (NYSE:HPQ) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hp Inc. (NYSE:HPQ) reported that Blackrock Inc. has picked up 102 of common stock as of 2017-01-24.

The acquisition brings the aggregate amount owned by Blackrock Inc. to a total of 102 representing a 6.0% stake in the company.

For those not familiar with the company, 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. Its segments include Personal Systems, Printing and Corporate Investments. The Personal Systems segment provides Commercial personal computers (PCs), Consumer PCs, workstations, thin clients, Commercial tablets and mobility devices, retail point-of-sale systems, displays and other accessories, software, support and services for the commercial and consumer markets.

A glance at Hp Inc. (NYSE:HPQ)’s key stats reveals a current market capitalization of 24.80 billion based on 1.71 billion shares outstanding and a price at last close of $14.67 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-12-02, Gupta picked up 80,000 at a purchase price of $12.00. This brings their total holding to 105,766 as of the date of the filing.

On the sell side, the most recent transaction saw Rivera unload 14,220 shares at a sale price of $15.85. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Hp Inc. (NYSE:HPQ) as things move forward to see if its progress aligns with these transactions.

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