HP (NYSE:HPQ) Shares Gap Down – Should You Sell?

HP Inc. (NYSE:HPQ) shares gapped down prior to trading on Monday . The stock had previously closed at $34.40, but opened at $33.40. HP shares last traded at $33.1370, with a volume of 4,497,113 shares.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and set a $32.00 target price on shares of HP in a report on Thursday, August 27th. Morgan Stanley decreased their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, August 24th. Barclays lifted their price target on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.77.

HP Stock Down 3.8%

The firm has a market capitalization of $29.84 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a fifty day simple moving average of $29.33 and a 200 day simple moving average of $24.26.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts expect that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 21,048 shares of HP stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 42,096 shares of company stock worth $1,218,890. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HP

Several institutional investors and hedge funds have recently made changes to their positions in the company. SHP Wealth Management purchased a new position in HP in the 4th quarter worth approximately $26,000. Union Savings Bank purchased a new stake in HP during the 4th quarter valued at $28,000. Aberdeen Wealth Management LLC purchased a new stake in HP during the 2nd quarter valued at $29,000. MCF Advisors LLC increased its holdings in shares of HP by 149.0% in the 2nd quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker’s stock worth $29,000 after purchasing an additional 800 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of HP in the 4th quarter worth $32,000. Institutional investors own 77.53% of the company’s stock.

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.