HP Inc. $HPQ Shares Acquired by BayBridge Capital Group LLC

BayBridge Capital Group LLC lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,636 shares of the computer maker’s stock after buying an additional 1,269 shares during the period. BayBridge Capital Group LLC’s holdings in HP were worth $1,361,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. lifted its position 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 acquiring an additional 1,829,411 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in HP by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after buying an additional 724,020 shares in the last quarter. Deutsche Bank AG lifted its position in HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock valued at $228,204,000 after purchasing an additional 189,969 shares during the last quarter. Nuveen LLC purchased a new stake in shares of HP during the first quarter valued at $179,037,000. Finally, American Century Companies Inc. increased its stake in HP by 7.4% in the 1st quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker’s stock worth $147,006,000 after acquiring an additional 367,418 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group upped 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. JPMorgan Chase & Co. increased their price target on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein started coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 price target on the stock. Evercore ISI restated an “in-line” rating and set a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Finally, Dbs Bank cut shares of HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.38.

HP Trading Down 0.5%

Shares of NYSE:HPQ opened at $26.71 on Friday. The company’s 50 day moving average is $27.02 and its 200 day moving average is $26.24. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a market cap of $24.97 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

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

HP Company 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.