Atria Investments Inc reduced its holdings in shares of HP Inc. (NYSE:HPQ – Free Report) by 17.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,348 shares of the computer maker’s stock after selling 8,652 shares during the quarter. Atria Investments Inc’s holdings in HP were worth $1,011,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC bought a new position in shares of HP in the first quarter worth about $25,000. Global Trust Asset Management LLC increased its position in HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in HP in the 1st quarter valued at approximately $35,000. Iron Horse Wealth Management LLC acquired a new stake in HP in the first quarter valued at approximately $39,000. Finally, Quaker Wealth Management LLC grew its stake in shares of HP by 203.9% during the second quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after buying an additional 3,320 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a 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. JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Wednesday, October 22nd. Sanford C. Bernstein began coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. Finally, HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.71.
HP Trading Down 1.8%
Shares of HPQ stock opened at $26.15 on Friday. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 2.23 and a beta of 1.28. The stock has a 50-day moving average of $27.66 and a 200-day moving average of $26.49.
HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The company 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 firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.
Insider Buying and Selling at HP
In related news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction 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 completion of the transaction, the insider owned 169 shares of the company’s stock, valued at $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.38% of the company’s stock.
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.
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