HP Inc. $HPQ Stake Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of HP Inc. (NYSE:HPQ) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,187,203 shares of the computer maker’s stock after purchasing an additional 424,544 shares during the period. Geode Capital Management LLC owned 2.79% of HP worth $638,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Plato Investment Management Ltd raised its stake in shares of HP by 1.2% in the 1st quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after buying an additional 363 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after acquiring an additional 369 shares during the period. Fiduciary Financial Group LLC raised its position in HP by 3.2% in the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after acquiring an additional 390 shares in the last quarter. TCW Group Inc. lifted its holdings in HP by 3.4% in the 1st quarter. TCW Group Inc. now owns 13,959 shares of the computer maker’s stock valued at $387,000 after acquiring an additional 457 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of HP by 7.0% during the 1st quarter. Larson Financial Group LLC now owns 7,214 shares of the computer maker’s stock valued at $200,000 after purchasing an additional 472 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider owned 169 shares of the company’s stock, valued at approximately $4,711.72. This represents 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

NYSE HPQ opened at $24.49 on Friday. The firm’s 50 day moving average price is $27.22 and its two-hundred day moving average price is $26.51. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HPQ. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Barclays dropped their price target on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. UBS Group raised their price objective on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. Finally, Sanford C. Bernstein initiated coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.67.

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.