Hennessy Advisors Inc. Lowers Holdings in HP Inc. $HPQ

Hennessy Advisors Inc. trimmed its position in HP Inc. (NYSE:HPQ) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,500 shares of the computer maker’s stock after selling 1,600 shares during the period. Hennessy Advisors Inc.’s holdings in HP were worth $1,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of HP during the 1st quarter worth $25,000. Global Trust Asset Management LLC boosted its position in shares of HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP during the 1st quarter worth $35,000. Iron Horse Wealth Management LLC purchased a new stake in shares of HP during the 1st quarter worth $39,000. Finally, Financial Freedom LLC boosted its position in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock worth $42,000 after purchasing an additional 878 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HPQ. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Saturday, September 27th. UBS Group boosted their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Dbs Bank lowered shares of HP from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price objective on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Finally, Barclays decreased their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and an average price target of $29.38.

HP Stock Up 0.5%

HP stock opened at $26.62 on Friday. The firm’s 50-day simple moving average is $27.15 and its 200 day simple moving average is $26.18. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The firm has a market capitalization of $24.88 billion, a PE ratio of 9.71, a P/E/G ratio of 2.15 and a beta of 1.29.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $13.69 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The firm’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. On average, research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Profile

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.