286,559 HP Inc. $HPQ Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in HP Inc. (NYSE:HPQ) by 12.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,970,880 shares of the computer maker’s stock after selling 286,559 shares during the quarter. Retirement Systems of Alabama’s holdings in HP were worth $61,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of HP in the 2nd quarter worth $2,357,757,000. State Street Corp lifted its holdings in shares of HP by 1.5% in the second quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock worth $1,174,855,000 after buying an additional 757,961 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of HP during the second quarter worth $545,984,000. Pacer Advisors Inc. boosted its position in shares of HP by 42.8% during the first quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker’s stock worth $175,689,000 after acquiring an additional 2,741,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in HP by 3.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after acquiring an additional 254,828 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other HP news, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, valued at $5,502.64. The trade was a 99.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of HP stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the transaction, the insider directly owned 8,008 shares of the company’s stock, valued at $257,216.96. The trade was a 79.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

HP Price Performance

NYSE:HPQ opened at $28.33 on Tuesday. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.64 and a beta of 1.16. HP Inc. has a 1 year low of $17.56 and a 1 year high of $36.22. The business has a 50 day simple moving average of $31.61 and a 200-day simple moving average of $24.79.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. 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, analysts expect that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of HP from $17.00 to $19.00 in a report on Thursday, August 27th. Zacks Research cut shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. HSBC increased their price objective on shares of HP from $29.60 to $33.80 and gave the company a “buy” rating in a report on Monday, August 31st. Bank of America restated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on HP from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.30.

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers.

The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.