Baird Financial Group Inc. Has $4.38 Million Stake in HP Inc. $HPQ

Key Points

• Baird Financial Group increased its HP stake by 40.6% in the second quarter, purchasing 57,646 additional shares. Its holdings totaled 199,615 shares valued at approximately $4.38 million, while institutional investors collectively owned 77.53% of HP.
• HP reported quarterly EPS of $0.83, beating analyst expectations of $0.66, while revenue rose 12.5% year over year to $15.68 billion. The company guided for fiscal 2026 EPS of $3.19–$3.29.
• Analyst sentiment remains cautious, with an overall “Hold” rating and an average price target of $25.77. Meanwhile, insider David McQuarrie sold 21,048 shares for about $631,000 under a pre-arranged trading plan.

Baird Financial Group Inc. grew its holdings in HP Inc. (NYSE:HPQ - Free Report) by 40.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 199,615 shares of the computer maker's stock after purchasing an additional 57,646 shares during the quarter. Baird Financial Group Inc.'s holdings in HP were worth $4,380,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker's stock worth $110,000 after buying an additional 467 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker's stock worth $1,772,000 after purchasing an additional 491 shares in the last quarter. Cullinan Associates Inc. grew its holdings in shares of HP by 0.3% in the 2nd quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker's stock valued at $4,154,000 after buying an additional 540 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in HP by 35.0% during the first quarter. Wilkerson Advisory Group LLC now owns 2,512 shares of the computer maker's stock worth $48,000 after acquiring an additional 651 shares in the last quarter. Finally, Signaturefd LLC grew its stake in HP by 7.8% in the second quarter. Signaturefd LLC now owns 9,713 shares of the computer maker's stock valued at $213,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Performance

Shares of HPQ stock opened at $33.80 on Wednesday. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.77 and a beta of 1.18. The company has a 50-day simple moving average of $28.73 and a 200 day simple moving average of $23.94. HP Inc. has a 52 week low of $17.56 and a 52 week high of $36.22.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business's revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that HP Inc. will post 3.23 EPS for the current year.

Insider Activity at HP

In related news, insider David McQuarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company's stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,096 shares of company stock valued at $1,218,890 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on HPQ. Morgan Stanley lowered their target price on HP from $19.00 to $17.00 and set an "underweight" rating for the company in a research note on Monday, August 24th. JPMorgan Chase & Co. upped their price target on shares of HP from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. UBS Group lifted their price target on HP from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, August 27th. Sanford C. Bernstein reiterated a "market perform" rating and set a $32.00 price objective on shares of HP in a report on Thursday, August 27th. Finally, Evercore set a $32.00 target price on HP in a research report on Monday, August 24th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, HP has an average rating of "Hold" and an average price target of $25.77.

HP Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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