Aberdeen Group plc Grows Position in HP Inc. $HPQ

Aberdeen Group plc lifted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 954,250 shares of the computer maker's stock after purchasing an additional 81,799 shares during the period. Aberdeen Group plc owned about 0.10% of HP worth $23,403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its position in shares of HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after purchasing an additional 1,829,411 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 worth $277,265,000 after purchasing an additional 724,020 shares in the last quarter. Deutsche Bank AG lifted its position in shares of HP by 2.4% during the first 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 in the last quarter. Nuveen LLC acquired a new position in shares of HP during the first quarter worth $179,037,000. Finally, American Century Companies Inc. lifted 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 purchasing an additional 367,418 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. UBS Group upped 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. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HP in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $29.38.

HP Stock Performance

HP stock opened at $27.34 on Tuesday. The company has a 50-day simple moving average of $27.34 and a 200-day simple moving average of $26.08. The firm has a market capitalization of $25.55 billion, a P/E ratio of 9.98, a P/E/G ratio of 2.06 and a beta of 1.29. HP Inc. has a one year low of $21.21 and a one year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly 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 analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior 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 year.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction dated 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 owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by corporate insiders.

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.

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