HP Inc. $HPQ Shares Bought by Steel Grove Capital Advisors LLC

Key Points

• Steel Grove Capital Advisors LLC increased its stake in HP Inc. by 50.7%, bringing its total ownership to 72,903 shares valued at approximately $1.78 million.
• HP reported quarterly earnings of $0.75 EPS, aligning with analyst expectations, and had revenue of $13.93 billion, exceeding estimates of $13.69 billion.
• Recent analyst ratings show a shift with HP being upgraded from "hold" to "buy" by Wall Street Zen, while UBS raised its price target from $26 to $29.

Steel Grove Capital Advisors LLC raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 50.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,903 shares of the computer maker's stock after purchasing an additional 24,518 shares during the period. Steel Grove Capital Advisors LLC's holdings in HP were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Plato Investment Management Ltd raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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 increased its position in HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock worth $102,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Price Performance

HPQ opened at $28.16 on Wednesday. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock has a market cap of $26.32 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.23 and a beta of 1.29. The stock's 50 day moving average price is $27.62 and its 200 day moving average price is $26.17.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm 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 year.

Analyst Ratings Changes

Several research analysts have commented on HPQ shares. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research report on Saturday. Sanford C. Bernstein assumed coverage on HP in a research report on Monday, September 15th. They set a "market perform" rating and a $30.00 target price on the stock. Hsbc Global Res upgraded HP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of HP in a research note on Wednesday, October 8th. Finally, UBS Group upped their price target on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.71.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.

HP 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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