Forsta AP Fonden Cuts Stock Position in HP Inc. $HPQ

Forsta AP Fonden reduced its position in HP Inc. (NYSE:HPQ) by 42.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 198,000 shares of the computer maker’s stock after selling 145,000 shares during the quarter. Forsta AP Fonden’s holdings in HP were worth $4,843,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its holdings in HP by 0.3% in the 2nd quarter. KBC Group NV now owns 4,227,197 shares of the computer maker’s stock valued at $103,397,000 after purchasing an additional 13,128 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in HP by 13.9% during the second quarter. SBI Securities Co. Ltd. now owns 15,141 shares of the computer maker’s stock worth $370,000 after acquiring an additional 1,851 shares during the period. National Pension Service raised its position in HP by 0.4% in the second quarter. National Pension Service now owns 2,109,061 shares of the computer maker’s stock worth $51,588,000 after acquiring an additional 8,275 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of HP during the 2nd quarter worth $491,000. Finally, Allworth Financial LP grew its stake in shares of HP by 2.8% during the 2nd quarter. Allworth Financial LP now owns 43,231 shares of the computer maker’s stock worth $1,057,000 after purchasing an additional 1,168 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $24.49 on Friday. The firm’s 50 day moving average price is $27.22 and its 200 day moving average price is $26.51. The firm has a market cap of $22.89 billion, a P/E ratio of 8.94, a price-to-earnings-growth 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 posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (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 business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue 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, equities analysts predict that HP Inc. will post 3.56 EPS for the current year.

Insider Activity at HP

In related news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the transaction, the insider owned 169 shares in the company, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 34,282 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This trade represents a 99.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price on the stock. UBS Group boosted their target price on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. HSBC set a $30.00 price target on HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Barclays dropped their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Finally, Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.67.

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.