Board of the Pension Protection Fund Buys Shares of 10,800 HP Inc. $HPQ

Board of the Pension Protection Fund acquired a new position in shares of HP Inc. (NYSE:HPQ) in the second quarter, Holdings Channel.com reports. The fund acquired 10,800 shares of the computer maker’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the business. Nuveen LLC bought a new stake in HP in the first quarter worth $179,037,000. Invesco Ltd. raised its position in HP by 19.2% during 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 last quarter. Ameriprise Financial Inc. raised its holdings in shares of HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock valued at $64,642,000 after acquiring an additional 1,147,342 shares in the last quarter. Banque Transatlantique SA bought a new position in HP in the 1st quarter worth $22,377,000. Finally, Acadian Asset Management LLC raised its position 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 worth $23,908,000 after acquiring an additional 761,494 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

Shares of HP stock opened at $25.57 on Friday. The company has a market capitalization of $23.90 billion, a P/E ratio of 9.33, a P/E/G ratio of 2.06 and a beta of 1.29. The company has a fifty day moving average of $27.29 and a 200 day moving average of $26.11. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ) last posted its quarterly 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. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts forecast that HP Inc. will post 3.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HPQ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Wednesday. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Evercore ISI reaffirmed an “in-line” rating and issued a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. UBS Group lifted their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Barclays cut their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HP currently has a consensus rating of “Hold” and an average price target of $29.38.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company’s stock.

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.