HP Inc. $HPQ Shares Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its HP stake by 10.4% in the third quarter, purchasing 47,504 additional shares for a total of 502,312 shares valued at approximately $15.7 million. Institutional investors collectively own 77.53% of HP.
• HP’s latest quarterly results exceeded expectations, with adjusted EPS of $0.83 versus the $0.66 consensus and revenue of $15.68 billion, up 12.5% year over year. However, concerns about memory shortages, weaker PC demand and margin pressure are weighing on the outlook.
• Analyst sentiment remains cautious: HP has a consensus “Reduce” rating and an average price target of $25.42, while Zacks recently downgraded the stock to “Hold.” HP shares opened at $28.82, with a market capitalization of about $26 billion.

Asset Management One Co. Ltd. boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 10.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 502,312 shares of the computer maker's stock after purchasing an additional 47,504 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of HP worth $15,712,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of HP during the second quarter valued at about $2,357,757,000. State Street Corp grew its position in shares of HP by 1.5% in the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker's stock worth $1,174,855,000 after buying an additional 757,961 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of HP in 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 acquiring an additional 2,741,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $191,682,000 after acquiring an additional 254,828 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP’s lower valuation relative to Apple, along with continued adoption of AI-enabled PCs and demand for premium commercial devices, supports the stock’s long-term investment case. HPQ vs. AAPL: Which Computer Stock Offers Better Investment Potential?
• Positive Sentiment: HP previously exceeded quarterly expectations, reporting $0.83 in adjusted earnings per share versus a $0.66 consensus estimate and $15.68 billion in revenue, up 12.5% year over year. This provides some fundamental support, although investors are focused more heavily on forward PC demand. HP Inc. earnings preview: What to expect
• Neutral Sentiment: Insider Anneliese Olson sold approximately $618,542 of HP stock to cover tax withholding tied to vested equity awards. Because the sale was described as tax-related rather than discretionary, it is a limited signal about management’s outlook. Insider Selling: HP Insider Sells $618,542.32 in Stock
• Negative Sentiment: Intel’s warning that memory shortages are constraining PC demand triggered selling across computer and server makers, including HP. Investors fear tighter component availability, weaker PC shipments and margin pressure could weigh on HP’s upcoming results. Dell Sinks as Intel’s Warning Hits Hardware Stocks
• Negative Sentiment: Intel’s weak guidance and margin concerns reinforced fears of a broader PC-market downturn, increasing pressure on HP’s consumer-computing business and near-term earnings outlook. Silicon Shock: Intel’s 25% Valuation Reset
• Negative Sentiment: Zacks Research downgraded HP from “strong buy” to “hold,” adding to the cautious tone surrounding the stock. Broader analyst sentiment remains restrained, with concerns about slowing PC demand despite HP’s inexpensive valuation. Zacks Research stock recommendations

Insider Activity at HP

In other news, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the transaction, the insider directly owned 169 shares of the company's stock, valued at $5,502.64. The trade was a 99.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider directly owned 8,008 shares in the company, valued at $257,216.96. This trade represents a 79.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 82,141 shares of company stock valued at $2,557,063. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

HPQ has been the subject of a number of analyst reports. Royal Bank Of Canada started coverage on shares of HP in a research report on Thursday, September 10th. They set a "sector perform" rating and a $33.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of HP from $19.00 to $21.00 and gave the stock a "sell" rating in a report on Wednesday, August 12th. Zacks Research downgraded HP from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Barclays increased their price objective on HP from $19.00 to $23.00 and gave the company an "underweight" rating in a report on Friday, August 28th. Finally, UBS Group raised their price objective on HP from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, HP currently has a consensus rating of "Reduce" and an average target price of $25.42.

HP Stock Performance

Shares of HPQ opened at $28.82 on Friday. The business's 50-day moving average is $31.73 and its two-hundred day moving average is $24.54. The company has a market capitalization of $25.99 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.65 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $36.22.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The firm 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 company's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Analysts forecast that HP Inc. will post 3.23 EPS for the current year.

HP Profile

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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