Hartford Investment Management Co. Has $1.38 Million Position in HP Inc. $HPQ

Hartford Investment Management Co. reduced its holdings in HP Inc. (NYSE:HPQ) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,459 shares of the computer maker’s stock after selling 829 shares during the period. Hartford Investment Management Co.’s holdings in HP were worth $1,381,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nuveen LLC acquired a new stake in HP in the first quarter worth $179,037,000. Invesco Ltd. raised its holdings in HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after purchasing an additional 1,829,411 shares during the period. Ameriprise Financial Inc. raised its holdings in HP by 96.8% in the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after purchasing an additional 1,147,342 shares during the period. Banque Transatlantique SA acquired a new stake in HP in the first quarter worth $22,377,000. Finally, Acadian Asset Management LLC raised its holdings in HP by 745.3% in the first quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock worth $23,908,000 after purchasing an additional 761,494 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPQ has been the topic of several analyst reports. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Barclays dropped their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. Dbs Bank lowered shares of HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. Finally, UBS Group raised their price objective on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.38.

HP Price Performance

Shares of NYSE HPQ opened at $26.71 on Friday. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 2.15 and a beta of 1.29. The business has a 50-day moving average of $27.02 and a 200-day moving average of $26.24. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.

About HP

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.