HP Inc. $HPQ Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank increased its stake in HP Inc. by 7.0% in the second quarter, now holding 230,430 shares valued at approximately $5.6 million.
• HP's quarterly earnings met analysts' expectations, reporting $0.75 earnings per share and revenue of $13.93 billion, reflecting a 3.1% year-over-year increase.
• Research analysts have given HP an average rating of "Hold" with a consensus price target of $29.38.

Czech National Bank grew its holdings in HP Inc. (NYSE:HPQ - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,430 shares of the computer maker's stock after purchasing an additional 15,033 shares during the quarter. Czech National Bank's holdings in HP were worth $5,636,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. WPG Advisers LLC purchased a new position in shares of HP in the 1st quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP in the 1st quarter worth approximately $35,000. Iron Horse Wealth Management LLC purchased a new position in shares of HP in the 1st quarter worth approximately $39,000. Financial Freedom LLC grew its position in shares of HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after buying an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after buying an additional 947 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

HP Stock Performance

Shares of HPQ stock traded down $0.08 on Friday, hitting $28.16. 12,697,868 shares of the stock traded hands, compared to its average volume of 9,582,931. The firm's 50-day moving average price is $26.74 and its two-hundred day moving average price is $26.31. The stock has a market capitalization of $26.32 billion, a PE ratio of 10.28, a PEG ratio of 2.27 and a beta of 1.29. 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 posted its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. HP's revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. TD Cowen lowered their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Wells Fargo & Company lowered their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. UBS Group lifted their target price on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. lifted their target price 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 analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HP presently has a consensus rating of "Hold" and a consensus target price of $29.38.

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.