First Nebraska Trust Co Purchases 79,408 Shares of HP Inc. $HPQ

First Nebraska Trust Co purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 79,408 shares of the computer maker’s stock, valued at approximately $2,483,000.

Several other institutional investors have also bought and sold shares of HPQ. BlackRock Inc. purchased a new position in shares of HP in the 2nd quarter worth $2,357,757,000. State Street Corp increased its holdings in shares of HP by 1.5% in the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock worth $1,174,855,000 after buying an additional 757,961 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of HP in the 2nd quarter worth about $545,984,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of HP by 3.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after buying an additional 254,828 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of HP during the 2nd quarter valued at about $180,689,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Loop Capital increased their price target on shares of HP from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, August 28th. Evercore lifted their price target on HP from $25.00 to $32.00 in a research report on Thursday, October 8th. Morgan Stanley boosted their price objective on HP from $17.00 to $19.00 in a research note on Thursday, August 27th. Zacks Research downgraded HP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $32.00 price objective (up from $27.00) on shares of HP in a research note on Thursday, August 27th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $26.30.

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 31,572 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the sale, the insider owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the transaction, the insider owned 169 shares in the company, valued at approximately $5,502.64. This represents a 99.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 71,617 shares of company stock worth $2,263,654 in the last three months. Insiders own 0.18% of the company’s stock.

HP Trading Down 0.6%

HPQ opened at $28.26 on Wednesday. The company has a market capitalization of $25.49 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.55 and a beta of 1.16. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The business’s fifty day simple moving average is $31.69 and its 200-day simple moving average is $24.62.

HP (NYSE:HPQ) last released its quarterly earnings data 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. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts predict that HP Inc. will post 3.23 EPS for the current year.

HP Company Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.