10,800 Shares in HP Inc. $HPQ Purchased by Board of the Pension Protection Fund

Key Points

• The Board of the Pension Protection Fund acquired 10,800 shares of HP Inc. for approximately $264,000 in the second quarter, highlighting institutional interest in the company.
• HP's stock price recently dropped by 5.2%, with shares trading around $25.57, while the company reported a quarterly EPS of $0.75, matching analyst expectations.
• Recent analyst ratings for HP have varied, with JPMorgan raising its price target to $30.00 and a consensus rating of "Hold" among analysts.

Board of the Pension Protection Fund purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,800 shares of the computer maker's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Invesco Ltd. lifted its stake in HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock valued at $314,022,000 after purchasing an additional 1,829,411 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of HP by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock valued at $277,265,000 after acquiring an additional 724,020 shares during the last quarter. Deutsche Bank AG raised its position in HP by 2.4% during the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after purchasing an additional 189,969 shares during the last quarter. Nuveen LLC bought a new position in HP during the 1st quarter worth $179,037,000. Finally, American Century Companies Inc. raised its position in shares of HP by 7.4% during the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock worth $147,006,000 after acquiring an additional 367,418 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HPQ shares. JPMorgan Chase & Co. lifted their price objective on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. Sanford C. Bernstein began coverage on HP in a report on Monday, September 15th. They set a "market perform" rating and a $30.00 price objective for the company. UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Finally, Barclays decreased their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, HP has a consensus rating of "Hold" and a consensus price target of $29.38.

Insider Activity at HP

In other HP 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 value of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares of the company's stock, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.38% of the company's stock.

HP Stock Down 5.2%

Shares of NYSE:HPQ opened at $25.57 on Friday. The firm has a market capitalization of $23.90 billion, a PE ratio of 9.33, a P/E/G ratio of 2.06 and a beta of 1.29. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a 50-day moving average price of $27.29 and a two-hundred day moving average price of $26.11.

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

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