Caxton Associates LLP Takes $427,000 Position in HP Inc. $HPQ

Key Points

• Caxton Associates LLP has acquired a new position in HP Inc., purchasing 15,426 shares valued at approximately $427,000 during the first quarter.
• Institutional investors now own 77.53% of HP's stock, with notable increases in holdings from firms like Invesco Ltd. and UBS Asset Management.
• HP reported $0.75 earnings per share for its latest quarter, matching analysts' expectations, while revenue increased by 3.1% year-over-year to $13.93 billion.

Caxton Associates LLP purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,426 shares of the computer maker's stock, valued at approximately $427,000.

A number of other institutional investors also recently modified their holdings of the company. Invesco Ltd. raised its position in shares of HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock valued at $314,022,000 after purchasing an additional 1,829,411 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of HP by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock worth $303,105,000 after acquiring an additional 707,742 shares during the last quarter. Deutsche Bank AG grew its stake in shares of HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after acquiring an additional 189,969 shares during the last quarter. Nuveen LLC acquired a new stake in shares of HP in the first quarter worth $179,037,000. Finally, American Century Companies Inc. grew its stake in shares of HP by 7.4% in the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock worth $147,006,000 after acquiring an additional 367,418 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

HP Price Performance

HPQ opened at $27.96 on Friday. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The firm's fifty day moving average price is $26.51 and its two-hundred day moving average price is $26.45. The company has a market capitalization of $26.13 billion, a P/E ratio of 10.20, a P/E/G ratio of 2.28 and a beta of 1.29.

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 for the quarter, hitting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business's revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HPQ shares. Morgan Stanley lowered their price objective on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. Bank of America lowered their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Barclays lowered their price objective on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 28th. Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Finally, Citigroup decreased their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $29.71.

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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