110,114 HP Inc. $HPQ Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP trimmed its position in HP Inc. (NYSE:HPQ) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,361,266 shares of the computer maker’s stock after selling 110,114 shares during the period. HP comprises 7.4% of RWC Asset Management LLP’s portfolio, making the stock its 2nd biggest holding. RWC Asset Management LLP’s holdings in HP were worth $198,980,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after purchasing an additional 467 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of HP by 0.6% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after purchasing an additional 491 shares during the period. Cullinan Associates Inc. boosted its holdings in shares of HP by 0.3% in the second quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker’s stock worth $4,154,000 after buying an additional 540 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of HP by 2.5% in the third quarter. Elevation Wealth Partners LLC now owns 22,488 shares of the computer maker’s stock worth $703,000 after buying an additional 550 shares during the last quarter. Finally, Wilkerson Advisory Group LLC boosted its holdings in shares of HP by 35.0% in the first quarter. Wilkerson Advisory Group LLC now owns 2,512 shares of the computer maker’s stock worth $48,000 after buying an additional 651 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of HP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Royal Bank Of Canada initiated coverage on shares of HP in a research report on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 price target on the stock. UBS Group increased their price target on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Morgan Stanley dropped their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, August 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $25.42.

HP Trading Down 0.3%

HP stock traded down $0.10 during midday trading on Friday, hitting $33.66. The stock had a trading volume of 12,123,277 shares, compared to its average volume of 11,895,478. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22. The company has a market capitalization of $30.35 billion, a PE ratio of 12.85, a P/E/G ratio of 1.75 and a beta of 1.17. The firm’s fifty day moving average is $31.54 and its two-hundred day moving average is $26.42.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts predict that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David McQuarrie sold 31,572 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the sale, the insider directly owned 8,008 shares of the company’s stock, valued at $257,216.96. This represents a 79.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 73,668 shares of company stock valued at $2,232,982 over the last three months. Corporate insiders own 0.18% of the company’s stock.

HP Company Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.