Crossmark Global Holdings Inc. Sells 45,158 Shares of HP Inc. $HPQ

Crossmark Global Holdings Inc. decreased its holdings in HP Inc. (NYSE:HPQ - Free Report) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 544,735 shares of the computer maker's stock after selling 45,158 shares during the quarter. Crossmark Global Holdings Inc. owned 0.06% of HP worth $17,039,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HPQ. BlackRock Inc. acquired a new stake in HP in the second quarter valued at approximately $2,357,757,000. State Street Corp increased its position in shares of HP by 1.5% in the second quarter. State Street Corp now owns 52,843,678 shares of the computer maker's stock valued at $1,174,855,000 after buying an additional 757,961 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of HP during the 2nd quarter worth approximately $545,984,000. Pacer Advisors Inc. raised its stake in shares of HP by 42.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker's stock worth $175,689,000 after buying an additional 2,741,438 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of HP by 3.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker's stock valued at $191,682,000 after buying an additional 254,828 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Buying and Selling

In other HP news, insider David McQuarrie sold 31,572 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the transaction, the insider owned 8,008 shares in the company, valued at approximately $257,216.96. This trade represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 73,668 shares of company stock valued at $2,232,982. 0.18% of the stock is currently owned by corporate insiders.

HP Price Performance

Shares of HP stock opened at $31.34 on Thursday. The business has a 50 day simple moving average of $31.42 and a two-hundred day simple moving average of $26.26. HP Inc. has a 12 month low of $17.56 and a 12 month high of $36.22. The stock has a market capitalization of $28.26 billion, a P/E ratio of 11.96, a PEG ratio of 1.62 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HPQ shares. Morgan Stanley decreased their target price on HP from $19.00 to $17.00 and set an "underweight" rating on the stock in a research report on Monday, August 24th. Zacks Research raised shares of HP from a "hold" rating to a "strong-buy" rating in a report on Monday, September 7th. Wall Street Zen cut shares of HP from a "buy" rating to a "hold" rating in a research report on Saturday, September 26th. Sanford C. Bernstein reaffirmed 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 price objective on shares of HP in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $25.42.

About HP

HP Inc NYSE: HPQ is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.

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