HP Inc. $HPQ Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in HP Inc. by 745.3%, now owning 863,664 shares worth approximately $23.9 million after acquiring over 761,000 shares in the first quarter.
• HP's stock has received mixed ratings from analysts, with 14 holding ratings, one buy rating, and one sell rating, leading to a consensus target price of $29.71.
• The company reported earnings of $0.75 per share for the last quarter, meeting expectations, and had a revenue increase of 3.1% year-over-year compared to the same quarter last year.

Acadian Asset Management LLC raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 745.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 863,664 shares of the computer maker's stock after acquiring an additional 761,494 shares during the period. Acadian Asset Management LLC owned approximately 0.09% of HP worth $23,908,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Plato Investment Management Ltd lifted its holdings in shares of HP by 1.2% in 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 during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of HP by 4.4% in 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 during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of HP by 2.1% in 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 during the last quarter. Private Trust Co. NA lifted its holdings in shares of HP by 13.3% in 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 during the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of HP by 3.4% in the 1st quarter. TCW Group Inc. now owns 13,959 shares of the computer maker's stock worth $387,000 after acquiring an additional 457 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. Evercore ISI reiterated an "in-line" rating and set a $29.00 price target on shares of HP in a research note on Wednesday. Bank of America cut their price target 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 cut their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.71.

HP Stock Performance

HPQ stock opened at $28.38 on Thursday. The company's 50 day moving average price is $26.42 and its 200 day moving average price is $26.54. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 2.34 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly 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 the consensus estimate of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts forecast 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.

Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.