HP Inc. $HPQ Shares Purchased by Spire Wealth Management

Spire Wealth Management raised its position in shares of HP Inc. (NYSE:HPQ) by 60.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,290 shares of the computer maker’s stock after purchasing an additional 1,998 shares during the period. Spire Wealth Management’s holdings in HP were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of HP during the 1st quarter worth about $25,000. Global Trust Asset Management LLC raised its position 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 worth $29,000 after buying an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP during the 1st quarter worth about $35,000. Iron Horse Wealth Management LLC bought a new stake in shares of HP during the 1st quarter worth about $39,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of HP during the 1st quarter worth about $45,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider owned 169 shares in the company, valued at $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. HSBC set a $30.00 price target on shares of HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, October 22nd. UBS Group boosted their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Weiss Ratings reiterated 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, one has given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.71.

HP Price Performance

HPQ stock opened at $25.93 on Wednesday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The company’s 50 day simple moving average is $27.72 and its 200-day simple moving average is $26.49. The firm has a market capitalization of $24.24 billion, a P/E ratio of 9.46, a P/E/G ratio of 2.23 and a beta of 1.29.

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 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 analyst estimates of $13.69 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s 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. Sell-side analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Company 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.