Kesler Norman & Wride LLC Boosts Position in HP Inc. $HPQ

Kesler Norman & Wride LLC boosted its position in shares of HP Inc. (NYSE:HPQ) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,058 shares of the computer maker’s stock after acquiring an additional 1,873 shares during the quarter. Kesler Norman & Wride LLC’s holdings in HP were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lifeworks Advisors LLC increased its position in HP by 20.8% in the second quarter. Lifeworks Advisors LLC now owns 141,913 shares of the computer maker’s stock worth $3,471,000 after buying an additional 24,438 shares in the last quarter. AlphaStar Capital Management LLC purchased a new stake in HP in the second quarter worth about $581,000. Spinnaker Trust increased its position in HP by 7.0% in the second quarter. Spinnaker Trust now owns 10,788 shares of the computer maker’s stock worth $264,000 after buying an additional 710 shares in the last quarter. Retirement Systems of Alabama increased its position in HP by 0.4% in the second quarter. Retirement Systems of Alabama now owns 202,285 shares of the computer maker’s stock worth $4,948,000 after buying an additional 762 shares in the last quarter. Finally, Assetmark Inc. increased its position in HP by 25.7% in the second quarter. Assetmark Inc. now owns 142,311 shares of the computer maker’s stock worth $3,481,000 after buying an additional 29,129 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HPQ. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Barclays cut 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. Finally, HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One investment 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. Based on data from MarketBeat.com, HP has an average rating of “Hold” and an average price target of $28.71.

HP Trading Up 0.7%

NYSE:HPQ opened at $27.69 on Friday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a 50-day moving average price of $27.75 and a 200 day moving average price of $26.44. The stock has a market capitalization of $25.89 billion, a P/E ratio of 10.11, a P/E/G ratio of 2.23 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 for the quarter, meeting the consensus estimate of $0.75. The business 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%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the transaction, the insider owned 169 shares of the company’s stock, valued at $4,711.72. This represents a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.38% of the company’s stock.

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.