HP Inc. $HPQ Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its holdings in HP Inc. by 95.2% during the 2nd quarter, bringing its ownership to 21,260 shares worth approximately $520,000.
• HP CEO Enrique Lores sold 34,282 shares on September 29, resulting in a significant 99.99% decrease in his ownership stake.
• Research analysts have variously upgraded HP Inc.'s stock ratings: Zacks moved from "strong sell" to "hold," while HSBC Global Research upgraded it to "strong-buy."

Concurrent Investment Advisors LLC boosted its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 95.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,260 shares of the computer maker's stock after purchasing an additional 10,366 shares during the period. Concurrent Investment Advisors LLC's holdings in HP were worth $520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in HP by 19.2% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in HP by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock valued at $277,265,000 after purchasing an additional 724,020 shares during the last quarter. Deutsche Bank AG lifted its position in shares of HP by 2.4% in the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock valued at $228,204,000 after acquiring an additional 189,969 shares in the last quarter. Nuveen LLC purchased a new stake in shares of HP in the 1st quarter valued at approximately $179,037,000. Finally, American Century Companies Inc. lifted its position in shares of HP by 7.4% in the 1st quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock valued at $147,006,000 after acquiring an additional 367,418 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the 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 transaction, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Weiss Ratings restated a "hold (c)" rating on shares of HP in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of HP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Evercore ISI restated an "in-line" rating and issued a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.71.

HP Stock Performance

HP stock opened at $27.39 on Friday. The firm has a market cap of $25.60 billion, a PE ratio of 10.00, a P/E/G ratio of 2.19 and a beta of 1.29. The firm's 50 day moving average price is $27.54 and its two-hundred day moving average price is $26.11. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion for 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%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. 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 fiscal 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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