Rockland Trust Co. Raises Stake in HP Inc. $HPQ

Rockland Trust Co. lifted its position in shares of HP Inc. (NYSE:HPQ) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,294 shares of the computer maker’s stock after buying an additional 13,739 shares during the quarter. Rockland Trust Co.’s holdings in HP were worth $6,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HPQ. WPG Advisers LLC purchased a new stake in shares of HP during the first quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in HP during the first quarter worth approximately $35,000. Iron Horse Wealth Management LLC acquired a new position in HP during the first quarter worth approximately $39,000. Financial Freedom LLC increased its position in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock worth $42,000 after purchasing an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock worth $42,000 after purchasing an additional 947 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Price Performance

Shares of HPQ opened at $28.24 on Friday. The company has a 50-day moving average of $26.69 and a two-hundred day moving average of $26.34. The stock has a market cap of $26.39 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.25 and a beta of 1.29. HP Inc. has a one year low of $21.21 and a one year high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HPQ shares. Wells Fargo & Company dropped their price target on shares of HP from $35.00 to $25.00 and set an “underweight” rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. boosted their price objective on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Dbs Bank cut shares of HP from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, June 11th. Citigroup cut their price target on shares of HP from $29.00 to $27.50 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Finally, Barclays dropped their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HP presently has a consensus rating of “Hold” and an average target price of $29.38.

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.