Gables Capital Management Inc. Sells 1,400 Shares of HP Inc. $HPQ

Gables Capital Management Inc. reduced its position in HP Inc. (NYSE:HPQ) by 25.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,050 shares of the computer maker’s stock after selling 1,400 shares during the quarter. Gables Capital Management Inc.’s holdings in HP were worth $99,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HPQ. GAMMA Investing LLC increased its holdings in HP by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 15,663 shares of the computer maker’s stock valued at $434,000 after buying an additional 2,936 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of HP by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 254,092 shares of the computer maker’s stock valued at $7,036,000 after purchasing an additional 8,910 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of HP by 14.0% during the 1st quarter. Blue Trust Inc. now owns 8,915 shares of the computer maker’s stock valued at $247,000 after purchasing an additional 1,098 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of HP during the 1st quarter valued at approximately $755,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of HP by 165.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HPQ has been the topic of several research reports. UBS Group lifted their price target on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.71.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction 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. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

HP Stock Performance

HPQ stock opened at $28.16 on Wednesday. The company has a fifty day moving average price of $27.62 and a 200-day moving average price of $26.17. The company has a market capitalization of $26.32 billion, a P/E ratio of 10.28, a PEG ratio of 2.23 and a beta of 1.29. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share 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.