HP Inc. $HPQ Shares Purchased by Howard Capital Management LLC

Key Points

• Howard Capital Management increased its HP stake by 33.9% in the third quarter, adding 67,833 shares to hold 268,011 shares valued at approximately $8.38 million. Institutional investors and hedge funds collectively own 77.53% of HP.
• HP shares fell 2.4% to $30.10, while the company’s latest quarterly results exceeded expectations with earnings of $0.83 per share and revenue of $15.68 billion, up 12.5% year over year.
• Analyst sentiment remains cautious: HP has an average “Reduce” rating and a consensus price target of $25.42. Insiders have sold 73,668 shares worth roughly $2.23 million over the past 90 days.

Howard Capital Management LLC boosted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 33.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,011 shares of the computer maker's stock after acquiring an additional 67,833 shares during the quarter. Howard Capital Management LLC's holdings in HP were worth $8,383,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. SHP Wealth Management acquired a new position in shares of HP in the 4th quarter valued at $26,000. Union Savings Bank acquired a new position in shares of HP in the fourth quarter worth about $28,000. North Point Portfolio Managers Corp OH acquired a new position in HP in the 3rd quarter worth about $28,000. Aberdeen Wealth Management LLC purchased a new position in HP during the second quarter worth approximately $29,000. Finally, MCF Advisors LLC boosted its position in HP by 149.0% during the second quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker's stock worth $29,000 after purchasing an additional 800 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Down 2.4%

NYSE:HPQ traded down $0.75 on Friday, hitting $30.10. The stock had a trading volume of 13,052,878 shares, compared to its average volume of 13,958,581. The stock has a market cap of $27.14 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.60 and a beta of 1.17. The company has a fifty day moving average price of $31.33 and a two-hundred day moving average price of $25.97. HP Inc. has a 1-year low of $17.56 and a 1-year high of $36.22.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, analysts anticipate that HP Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of HP in a report on Friday, October 2nd. Morgan Stanley cut their price target on HP from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, August 24th. Sanford C. Bernstein reiterated a "market perform" rating and set a $32.00 price objective on shares of HP in a research report on Thursday, August 27th. Evercore set a $32.00 price objective on HP in a research note on Monday, August 24th. Finally, The Goldman Sachs Group upped their target price on HP from $19.00 to $21.00 and gave the company a "sell" rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $25.42.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 31,572 shares of the firm's 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 completion of the sale, the insider owned 8,008 shares of the company's stock, valued at $257,216.96. This trade represents a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 73,668 shares of company stock valued at $2,232,982 in the last ninety days. Corporate insiders own 0.18% of the company's stock.

About HP

HP Inc NYSE: HPQ is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.

The company's printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.

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