Vise Technologies Inc. Invests $491,000 in HP Inc. $HPQ

Vise Technologies Inc. bought a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,054 shares of the computer maker’s stock, valued at approximately $491,000.

A number of other institutional investors have also recently made changes to their positions in HPQ. WPG Advisers LLC purchased a new position in HP in the 1st quarter worth approximately $25,000. Global Trust Asset Management LLC increased its holdings in shares of HP by 492.6% in 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. bought a new stake in shares of HP in the 1st quarter worth $35,000. Quaker Wealth Management LLC lifted its holdings in shares of HP by 203.9% during the second quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock valued at $41,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of HP during the first quarter valued at $45,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 2.0%

HPQ opened at $24.49 on Friday. The company’s 50 day moving average is $27.22 and its 200 day moving average is $26.52. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.23 and a beta of 1.28. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 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 business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s 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, analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Buying and Selling at HP

In related news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The SEC filing for this sale provides additional information. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HPQ has been the subject of several research analyst reports. Barclays reduced their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. 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 upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Citigroup cut their target price on shares of HP from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus price target of $28.67.

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.