Creative Planning Boosts Stock Holdings in HP Inc. $HPQ

Creative Planning increased its position in shares of HP Inc. (NYSE:HPQ) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 283,181 shares of the computer maker’s stock after buying an additional 17,840 shares during the period. Creative Planning’s holdings in HP were worth $6,927,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in HP by 36.0% during the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after purchasing an additional 75,895 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of HP in the first quarter valued at approximately $6,359,000. Resona Asset Management Co. Ltd. raised its stake in shares of HP by 6.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock worth $7,825,000 after buying an additional 18,240 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in shares of HP during the 1st quarter valued at approximately $627,000. Finally, Maj Invest Holding A S grew its stake in HP by 15.9% in the 2nd quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock valued at $135,591,000 after acquiring an additional 761,622 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Sanford C. Bernstein initiated coverage on HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective on the stock. Barclays reduced their target price on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Morgan Stanley reaffirmed an “underweight” rating and issued a $24.00 price target (down from $26.00) on shares of HP in a research note on Monday. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, HP presently has a consensus rating of “Hold” and an average price target of $28.50.

HP Stock Down 1.1%

Shares of HPQ opened at $22.46 on Thursday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a fifty day simple moving average of $26.84 and a two-hundred day simple moving average of $26.45. The company has a market capitalization of $20.99 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28.

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

Insider Activity at HP

In other news, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider owned 169 shares in the company, valued at $4,711.72. This trade represents a 99.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate 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.