State of Michigan Retirement System Raises Position in HP Inc. $HPQ

State of Michigan Retirement System increased its holdings in HP Inc. (NYSE:HPQ) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,562 shares of the computer maker’s stock after acquiring an additional 9,400 shares during the period. State of Michigan Retirement System’s holdings in HP were worth $8,159,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of HP in the first quarter valued at approximately $25,000. Global Trust Asset Management LLC grew its holdings in shares of HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of HP in the first quarter valued at approximately $35,000. Iron Horse Wealth Management LLC bought a new position in shares of HP in the first quarter valued at approximately $39,000. Finally, Quaker Wealth Management LLC grew its holdings in shares of HP by 203.9% in the second quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock valued at $41,000 after acquiring an additional 3,320 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

HP Price Performance

HP stock opened at $27.04 on Tuesday. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The business has a fifty day moving average price of $27.74 and a 200-day moving average price of $26.48. The firm has a market capitalization of $25.28 billion, a P/E ratio of 9.87, a PEG ratio of 2.23 and a beta of 1.29.

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

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 18,154 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the sale, the insider owned 169 shares in the company, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Enrique Lores sold 34,282 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on HPQ. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Evercore ISI reissued an “in-line” rating and set a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, HSBC set a $30.00 price objective on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus price target of $28.71.

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.