WBI Investments LLC Takes $1.12 Million Position in HP Inc. $HPQ

WBI Investments LLC bought a new position in HP Inc. (NYSE:HPQ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 45,837 shares of the computer maker’s stock, valued at approximately $1,121,000.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in HP during the first quarter worth about $25,000. Global Trust Asset Management LLC raised its holdings 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 valued at $29,000 after buying an additional 1,000 shares in the last quarter. Quaker Wealth Management LLC lifted its position in HP by 203.9% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after buying an additional 3,320 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in HP in the first quarter worth approximately $45,000. Finally, SouthState Corp purchased a new stake in HP in the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Wednesday, October 22nd. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price objective on shares of HP in a research note on Wednesday, September 10th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, HSBC set a $30.00 target price on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.50.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 34,282 shares of the 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 directly owned 3 shares of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the sale, 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 SEC filing for this sale provides additional information. 0.38% of the stock is owned by corporate insiders.

HP Stock Performance

HPQ opened at $22.83 on Tuesday. The stock’s 50 day moving average price is $27.09 and its 200-day moving average price is $26.50. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a market capitalization of $21.34 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last issued 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 business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the firm earned $0.83 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

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.