HP Inc. $HPQ Stake Lessened by ProShare Advisors LLC

ProShare Advisors LLC trimmed its stake in HP Inc. (NYSE:HPQ) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,935 shares of the computer maker’s stock after selling 43,830 shares during the period. ProShare Advisors LLC owned approximately 0.06% of HP worth $16,576,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of HP from $21.00 to $22.00 and gave the stock a “sell” rating in a research report on Monday, August 31st. Bank of America reiterated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. Sanford C. Bernstein reiterated a “market perform” rating and set a $32.00 target price (up from $27.00) on shares of HP in a research note on Thursday, August 27th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research cut HP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $26.30.

HP Price Performance

Shares of HP stock opened at $28.34 on Tuesday. The business has a 50 day moving average price of $31.70 and a 200 day moving average price of $24.58. The company has a market capitalization of $25.56 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.69 and a beta of 1.17. HP Inc. has a 1 year low of $17.56 and a 1 year high of $36.22.

HP (NYSE:HPQ) last announced its 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 firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm’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, research analysts expect that HP Inc. will post 3.23 EPS for the current fiscal year.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction that occurred 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 sale, the insider owned 169 shares in the company, valued at $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David P. Mcquarrie sold 31,572 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. This trade represents a 79.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,617 shares of company stock valued at $2,263,654 in the last quarter. Company insiders own 0.18% of the company’s stock.

HP 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.