Ellsworth Advisors LLC Has $4 Million Position in HP Inc. $HPQ

Ellsworth Advisors LLC boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 11.0% during the first quarter, Holdings Channel reports. The institutional investor owned 144,577 shares of the computer maker’s stock after acquiring an additional 14,273 shares during the quarter. Ellsworth Advisors LLC’s holdings in HP were worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in HP during the first quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of HP in the 1st quarter valued at $35,000. Iron Horse Wealth Management LLC acquired a new stake in shares of HP in the 1st quarter valued at $39,000. Financial Freedom LLC boosted its stake in shares of HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Wells Fargo & Company cut their price target on HP from $35.00 to $25.00 and set an “underweight” rating for the company in a report on Thursday, May 29th. Finally, TD Cowen cut their price target on HP from $38.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, May 29th. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.71.

HP Stock Down 2.3%

HP stock opened at $28.38 on Thursday. The stock has a 50-day simple moving average of $26.42 and a 200 day simple moving average of $26.54. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.34 and a beta of 1.29.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Profile

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.