Dakota Wealth Management Purchases 2,025 Shares of HP Inc. $HPQ

Dakota Wealth Management increased its position in HP Inc. (NYSE:HPQ) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,112 shares of the computer maker’s stock after purchasing an additional 2,025 shares during the quarter. Dakota Wealth Management’s holdings in HP were worth $663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HPQ. Nuveen LLC bought a new stake in shares of HP in the 1st quarter valued at about $179,037,000. Invesco Ltd. raised its holdings in shares of HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after purchasing an additional 1,829,411 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of HP by 96.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock valued at $64,642,000 after purchasing an additional 1,147,342 shares during the period. Banque Transatlantique SA bought a new stake in shares of HP in the 1st quarter valued at about $22,377,000. Finally, Acadian Asset Management LLC raised its holdings in shares of HP by 745.3% in the 1st quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock valued at $23,908,000 after purchasing an additional 761,494 shares during the period. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

HPQ has been the topic of a number of research analyst reports. 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. Sanford C. Bernstein initiated coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target on the stock. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Evercore ISI reiterated an “in-line” rating and issued a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.38.

HP Stock Down 0.5%

Shares of NYSE:HPQ opened at $26.71 on Friday. The company’s 50 day moving average price is $27.02 and its two-hundred day moving average price is $26.24. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The firm has a market cap of $24.97 billion, a PE ratio of 9.75, a PEG ratio of 2.15 and a beta of 1.29.

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