Banco Bilbao Vizcaya Argentaria S.A. Sells 46,084 Shares of HP Inc. $HPQ

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 361,844 shares of the computer maker’s stock after selling 46,084 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in HP were worth $8,853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new stake in HP in the first quarter valued at about $25,000. Global Trust Asset Management LLC grew its position in shares of 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 buying an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP in the 1st quarter valued at about $35,000. Zions Bancorporation National Association UT acquired a new stake in shares of HP in the 1st quarter valued at approximately $45,000. Finally, Quaker Wealth Management LLC boosted its stake in HP by 203.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after acquiring an additional 3,320 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Down 2.0%

Shares of NYSE HPQ opened at $24.49 on Friday. The company has a fifty day moving average price of $27.22 and a 200 day moving average price of $26.51. The firm has a market cap of $22.89 billion, a PE ratio of 8.94, a PEG ratio of 2.23 and a beta of 1.28. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company’s revenue for the quarter was up 3.1% on a year-over-year basis. 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. Equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’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 value of $920,471.70. Following the sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. This represents a 99.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Wednesday, October 22nd. Finally, Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One equities 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.67.

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.