Conning Inc. Grows Holdings in HP Inc. $HPQ

Key Points

• Conning Inc. increased its ownership of HP Inc. stock by 13.9% in Q2, holding a total of 1,335,807 shares, valued at approximately $32.67 million.
• HP's stock recently opened at $25.57 and has experienced a 5.2% decline in value.
• HP reported earnings per share (EPS) of $0.75 for the last quarter, meeting analysts' expectations, and set Q4 2025 EPS guidance between $0.870-0.97.

Conning Inc. grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,335,807 shares of the computer maker's stock after acquiring an additional 162,677 shares during the period. Conning Inc. owned about 0.14% of HP worth $32,674,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd grew its holdings in HP by 1.2% during the 1st quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker's stock worth $869,000 after acquiring an additional 363 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in HP by 4.4% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker's stock worth $223,000 after acquiring an additional 369 shares in the last quarter. Fiduciary Financial Group LLC grew its holdings in HP by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker's stock worth $324,000 after acquiring an additional 390 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in HP by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock worth $561,000 after acquiring an additional 411 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in HP by 13.3% during the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock worth $102,000 after acquiring an additional 433 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Down 5.2%

HP stock opened at $25.57 on Friday. The firm has a 50-day moving average price of $27.29 and a two-hundred day moving average price of $26.12. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 2.17 and a beta of 1.29. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.75. The firm 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%. HP's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

Analyst Ratings Changes

HPQ has been the subject of several recent analyst reports. UBS Group raised their price objective 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. lifted their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.38.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the business's stock in a transaction dated 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 directly owned 3 shares of the company's stock, valued at $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

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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