Sequoia Financial Advisors LLC Cuts Stock Holdings in HP Inc. $HPQ

Sequoia Financial Advisors LLC decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,768 shares of the computer maker’s stock after selling 523 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HP were worth $630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HPQ. Nuveen LLC purchased a new stake in HP in the first quarter worth approximately $179,037,000. Invesco Ltd. boosted its stake in HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after buying an additional 1,829,411 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in HP by 96.8% in the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after buying an additional 1,147,342 shares in the last quarter. Banque Transatlantique SA purchased a new stake in HP in the first quarter worth approximately $22,377,000. Finally, Acadian Asset Management LLC boosted its stake in HP by 745.3% in the first quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock worth $23,908,000 after buying an additional 761,494 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $27.39 on Monday. The firm has a market cap of $25.60 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.20 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. The business has a 50 day moving average price of $27.54 and a 200-day moving average price of $26.12.

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

Analysts Set New Price Targets

Several brokerages have issued reports on HPQ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Evercore ISI reaffirmed an “in-line” rating and issued a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. Sanford C. Bernstein assumed coverage on HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective for the company. Finally, Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.71.

Insider Activity at HP

In related news, CEO Enrique Lores sold 34,282 shares of the company’s 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 owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

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.