20,123 Shares of HP Inc. $HPQ Bought by MGO One Seven LLC

MGO One Seven LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,123 shares of the computer maker’s stock, valued at approximately $629,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Americana Partners LLC grew its holdings in HP by 0.7% in the third quarter. Americana Partners LLC now owns 239,105 shares of the computer maker’s stock valued at $7,479,000 after purchasing an additional 1,632 shares during the period. Aprio Wealth Management LLC increased its position in HP by 39.6% during the third quarter. Aprio Wealth Management LLC now owns 18,898 shares of the computer maker’s stock worth $591,000 after purchasing an additional 5,359 shares during the last quarter. Avestar Capital LLC purchased a new position in HP during the third quarter worth approximately $573,000. Parcion Private Wealth LLC raised its stake in HP by 74.8% during the third quarter. Parcion Private Wealth LLC now owns 19,617 shares of the computer maker’s stock worth $614,000 after purchasing an additional 8,395 shares during the period. Finally, Soltis Investment Advisors LLC boosted its holdings in shares of HP by 43.5% in the 3rd quarter. Soltis Investment Advisors LLC now owns 16,358 shares of the computer maker’s stock valued at $512,000 after purchasing an additional 4,956 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 18,997 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total transaction of $618,542.32. Following the transaction, the insider owned 169 shares of the company’s stock, valued at $5,502.64. This trade represents a 99.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 HP stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value 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. The trade was 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. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPQ. TD Cowen boosted their price objective on shares of HP from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. raised their price target on shares of HP from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Royal Bank Of Canada initiated coverage on HP in a research note on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price objective on the stock. Zacks Research cut shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $32.00 price target (up from $27.00) on shares of HP in a report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.30.

HP Price Performance

Shares of HPQ stock opened at $28.49 on Friday. The firm has a market cap of $25.70 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.56 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 firm has a fifty day moving average of $31.65 and a two-hundred day moving average of $24.75.

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

HP Profile

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.