AG2R LA Mondiale Gestion D Actifs Invests $1.09 Million in HP Inc. $HPQ

Key Points

• AG2R LA Mondiale Gestion D Actifs has purchased 39,495 shares of HP Inc., valued at approximately $1,094,000, during the first quarter.
• Several hedge funds have also made significant moves with HP shares, including BayBridge Capital Group and Meritage Portfolio Management, indicating a strong institutional interest as they now own 77.53% of the company's stock.
• Analysts have mixed opinions on HP's stock, with price targets ranging from $27.00 to $33.00 and a consensus rating of "Hold," reflecting uncertainty in future performance.

AG2R LA Mondiale Gestion D Actifs purchased a new position in HP Inc. (NYSE:HPQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,495 shares of the computer maker's stock, valued at approximately $1,094,000.

Several other large investors have also recently made changes to their positions in HPQ. BayBridge Capital Group LLC purchased a new stake in HP during the 1st quarter valued at about $1,505,000. Meritage Portfolio Management lifted its holdings in shares of HP by 37.8% in the 1st quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker's stock valued at $3,894,000 after buying an additional 38,568 shares during the period. Jump Financial LLC acquired a new position in shares of HP in the 1st quarter valued at about $6,359,000. Horizon Financial Services LLC lifted its holdings in shares of HP by 2,669.0% in the 1st quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock valued at $319,000 after buying an additional 11,103 shares during the period. Finally, Longfellow Investment Management Co. LLC purchased a new position in HP during the first quarter worth approximately $627,000. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen cut their price target on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. KGI Securities assumed coverage on shares of HP in a report on Thursday, May 29th. They issued a "neutral" rating for the company. Sanford C. Bernstein began coverage on shares of HP in a report on Monday. They issued a "market perform" rating and a $30.00 price target for the company. Citigroup reduced their target price on HP from $29.00 to $27.50 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Dbs Bank cut HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $29.38.

HP Price Performance

Shares of NYSE:HPQ traded down $0.16 during midday trading on Friday, hitting $28.08. The company had a trading volume of 1,671,639 shares, compared to its average volume of 8,392,440. 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 $26.25 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The business's 50-day simple moving average is $26.69 and its 200-day simple moving average is $26.34.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business'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. As a group, sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current 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.