Commerzbank Aktiengesellschaft FI Purchases 25,076 Shares of HP Inc. $HPQ

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in HP Inc. by 16.2% during the 2nd quarter, acquiring an additional 25,076 shares, bringing its total holdings to 179,580 shares worth approximately $4.39 million.
• CEO Enrique Lores sold 34,282 shares of HP stock for around $920,471, resulting in a significant decrease in his ownership to just 3 shares.
• HP's earnings report showed a net margin of 4.83% with EPS hitting the consensus estimate of $0.75, and the company anticipates posting an EPS of 3.56 for the current year.

Commerzbank Aktiengesellschaft FI increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,580 shares of the computer maker's stock after purchasing an additional 25,076 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in HP were worth $4,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in HP during the first quarter worth about $25,000. Global Trust Asset Management LLC lifted its position in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock worth $29,000 after purchasing an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of HP in the first quarter worth about $35,000. Iron Horse Wealth Management LLC bought a new position in shares of HP in the first quarter worth about $39,000. Finally, Financial Freedom LLC lifted its holdings in shares of HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after acquiring an additional 878 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares of the company's stock, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group increased their target price on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. increased their target price on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Sanford C. Bernstein assumed coverage on shares of HP in a report on Monday, September 15th. They issued a "market perform" rating and a $30.00 target price for the company. Evercore ISI reissued an "in-line" rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of HP in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.38.

HP Price Performance

HP stock opened at $26.95 on Friday. The company has a market capitalization of $25.19 billion, a P/E ratio of 9.84, a P/E/G ratio of 2.18 and a beta of 1.29. The business has a 50 day moving average of $27.27 and a 200-day moving average of $26.15. 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 issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) 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 EPS. The company'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. Equities analysts anticipate 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.

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