Alliancebernstein L.P. Has $36.98 Million Position in HP Inc. $HPQ

Key Points

• Alliancebernstein L.P. has reduced its stake in HP Inc. by 2.1% in the first quarter, lowering its holdings to approximately 1.33 million shares valued at $36.98 million.
• Several other investors, including Bleakley Financial Group and Private Trust Co. NA, have increased their positions in HP, indicating continued institutional interest.
• HP's quarterly earnings matched expectations with reported earnings per share of $0.75 and revenue of $13.93 billion, showing a 3.1% year-over-year increase.

Alliancebernstein L.P. lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,335,585 shares of the computer maker's stock after selling 29,085 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of HP worth $36,982,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bleakley Financial Group LLC raised its position in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock valued at $561,000 after buying an additional 411 shares during the last quarter. Private Trust Co. NA raised its position in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock valued at $102,000 after buying an additional 433 shares during the last quarter. TCW Group Inc. raised its position in shares of HP by 3.4% during the first quarter. TCW Group Inc. now owns 13,959 shares of the computer maker's stock valued at $387,000 after buying an additional 457 shares during the last quarter. First American Bank raised its position in HP by 1.0% in the first quarter. First American Bank now owns 47,300 shares of the computer maker's stock worth $1,310,000 after purchasing an additional 458 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in HP by 7.0% in the first quarter. Larson Financial Group LLC now owns 7,214 shares of the computer maker's stock worth $200,000 after purchasing an additional 472 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HPQ. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Bank of America dropped their price target on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. KGI Securities began coverage on shares of HP in a research report on Thursday, May 29th. They issued a "neutral" rating for the company. Citigroup dropped their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HP presently has an average rating of "Hold" and an average price target of $29.96.

HP Trading Up 0.1%

NYSE HPQ opened at $29.36 on Tuesday. The firm has a market cap of $27.44 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.36 and a beta of 1.29. The company has a 50 day moving average of $26.30 and a 200-day moving average of $26.51. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company 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 revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

About HP

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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