South Dakota Investment Council Purchases New Holdings in HP Inc. $HPQ

South Dakota Investment Council purchased a new stake in HP Inc. (NYSE:HPQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 378,738 shares of the computer maker’s stock, valued at approximately $9,264,000.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC bought a new position in HP in the first quarter worth $53,000. Private Trust Co. NA raised its stake in shares of HP by 13.3% in the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock valued at $102,000 after buying an additional 433 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HP by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,137,381 shares of the computer maker’s stock valued at $31,494,000 after buying an additional 14,296 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of HP by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 252,343 shares of the computer maker’s stock valued at $6,987,000 after acquiring an additional 2,810 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in HP by 10.8% in the first quarter. OneDigital Investment Advisors LLC now owns 10,068 shares of the computer maker’s stock valued at $279,000 after acquiring an additional 985 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. HSBC set a $30.00 price target on shares of HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Evercore ISI restated an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. UBS Group increased their price objective on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus price target of $28.71.

Insider Activity

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

HP Stock Performance

Shares of HPQ opened at $27.69 on Monday. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 2.23 and a beta of 1.29. The stock has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $26.46. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

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.