Fox Run Management L.L.C. Cuts Position in HP Inc. $HPQ

Fox Run Management L.L.C. reduced its stake in shares of HP Inc. (NYSE:HPQ) by 48.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,327 shares of the computer maker’s stock after selling 7,882 shares during the quarter. Fox Run Management L.L.C.’s holdings in HP were worth $204,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HPQ. Nuveen LLC bought a new stake in shares of HP in the 1st quarter valued at about $179,037,000. Invesco Ltd. boosted its stake in HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after acquiring an additional 1,829,411 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in HP by 32.0% in the second quarter. AustralianSuper Pty Ltd now owns 5,684,655 shares of the computer maker’s stock worth $139,047,000 after purchasing an additional 1,378,570 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after purchasing an additional 1,147,342 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of HP during the 1st quarter valued at $22,377,000. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the topic of several research analyst reports. UBS Group boosted their target price on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Barclays dropped their price target on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. HSBC set a $30.00 target price on shares of HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. cut shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Wednesday, October 22nd. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.67.

Insider Activity

In related news, insider Anneliese Olson sold 18,154 shares of HP 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 completion of the transaction, the insider directly 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 this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of the company’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 completion of the sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is owned by company insiders.

HP Price Performance

NYSE:HPQ opened at $24.49 on Friday. The company’s fifty day moving average price is $27.22 and its 200-day moving average price is $26.51. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The firm has a market capitalization of $22.89 billion, a P/E ratio of 8.94, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate 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 net margin of 4.83% and a negative return on equity of 262.03%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

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.