AlphaQuest LLC Buys 24,889 Shares of HP Inc. $HPQ

AlphaQuest LLC increased its stake in HP Inc. (NYSE:HPQ) by 122.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,212 shares of the computer maker’s stock after buying an additional 24,889 shares during the quarter. AlphaQuest LLC’s holdings in HP were worth $1,106,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HPQ. Nuveen LLC bought a new stake in HP in the first quarter worth $179,037,000. Invesco Ltd. lifted its position 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 buying an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. lifted its position 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 buying an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA bought a new stake in HP in the first quarter worth $22,377,000. Finally, Maj Invest Holding A S lifted its position in HP by 15.9% in the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock worth $135,591,000 after buying an additional 761,622 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the transaction, the chief executive officer owned 3 shares in the company, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

HP Trading Down 0.6%

Shares of HP stock opened at $27.67 on Friday. The firm has a market cap of $25.87 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.23 and a beta of 1.29. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock’s fifty day moving average price is $27.66 and its 200-day moving average price is $26.28.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays decreased their target price on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research report on Saturday. HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HP has an average rating of “Hold” and a consensus price target of $28.71.

HP Company 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.