Ballentine Partners LLC Sells 15,147 Shares of HP Inc. $HPQ

Key Points

• Ballentine Partners LLC has reduced its holdings in HP Inc. by 22.1%, selling 15,147 shares and now owning 53,456 shares valued at approximately $1.3 million.
• HP reported quarterly earnings of $0.75 EPS, meeting analyst expectations, with revenues of $13.93 billion, up 3.1% year-over-year.
• As of the latest data, institutional investors and hedge funds collectively own 77.53% of HP's stock, reflecting significant investor interest.

Ballentine Partners LLC decreased its position in HP Inc. (NYSE:HPQ - Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,456 shares of the computer maker's stock after selling 15,147 shares during the period. Ballentine Partners LLC's holdings in HP were worth $1,308,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of HP by 4.8% during the 2nd quarter. Fifth Third Bancorp now owns 35,288 shares of the computer maker's stock worth $863,000 after buying an additional 1,618 shares during the period. GAMMA Investing LLC lifted its position in shares of HP by 56.5% during the 2nd quarter. GAMMA Investing LLC now owns 24,518 shares of the computer maker's stock worth $600,000 after buying an additional 8,855 shares during the period. Foundation Resource Management Inc. lifted its position in shares of HP by 1.1% during the 2nd quarter. Foundation Resource Management Inc. now owns 373,415 shares of the computer maker's stock worth $9,134,000 after buying an additional 3,939 shares during the period. Park Avenue Securities LLC lifted its position in shares of HP by 11.0% during the 2nd quarter. Park Avenue Securities LLC now owns 46,908 shares of the computer maker's stock worth $1,147,000 after buying an additional 4,663 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of HP by 40.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 42,060 shares of the computer maker's stock worth $1,029,000 after buying an additional 12,156 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Down 2.4%

NYSE:HPQ opened at $26.83 on Friday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The firm has a market capitalization of $25.08 billion, a P/E ratio of 9.79, a P/E/G ratio of 2.21 and a beta of 1.29. The stock's fifty day simple moving average is $26.99 and its 200-day simple moving average is $26.27.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised their price target on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Sanford C. Bernstein assumed coverage on HP in a report on Monday, September 15th. They set a "market perform" rating and a $30.00 price target for the company. Dbs Bank cut HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Finally, TD Cowen dropped their price target on HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $29.38.

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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