HP Inc. $HPQ Holdings Increased by Conning Inc.

Conning Inc. grew its stake in shares of HP Inc. (NYSE:HPQ) by 13.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,335,807 shares of the computer maker’s stock after acquiring an additional 162,677 shares during the period. Conning Inc.’s holdings in HP were worth $32,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trust Co. of Toledo NA OH bought a new stake in shares of HP during the 2nd quarter worth about $130,000. Aberdeen Group plc raised its position in shares of HP by 9.4% during the 2nd quarter. Aberdeen Group plc now owns 954,250 shares of the computer maker’s stock worth $23,403,000 after buying an additional 81,799 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of HP by 16.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 179,580 shares of the computer maker’s stock worth $4,393,000 after buying an additional 25,076 shares in the last quarter. Argyle Capital Management LLC raised its position in shares of HP by 4.0% during the 2nd quarter. Argyle Capital Management LLC now owns 41,375 shares of the computer maker’s stock worth $1,012,000 after buying an additional 1,600 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of HP by 53.4% during the 2nd quarter. IFP Advisors Inc now owns 26,816 shares of the computer maker’s stock worth $681,000 after buying an additional 9,337 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on HPQ shares. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday. Evercore ISI reiterated an “in-line” rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. UBS Group boosted their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. 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 research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.38.

HP Price Performance

HP stock opened at $25.57 on Friday. The firm’s 50 day simple moving average is $27.29 and its 200-day simple moving average is $26.12. The company has a market cap of $23.90 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate 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 firm posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by company insiders.

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.