HP Inc. $HPQ Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its HP holdings by 25.9% in the third quarter, purchasing 252,169 additional shares and bringing its stake to 1.23 million shares valued at approximately $38.3 million.
• Analyst sentiment remains cautious: HP has a consensus rating of “Reduce” and an average price target of $25.42, despite some firms issuing upgrades and higher targets.
• HP exceeded quarterly expectations with adjusted EPS of $0.83 versus a $0.66 estimate and revenue of $15.68 billion, up 12.5% year over year; an insider separately sold 31,572 shares for about $1.0 million.

Robeco Institutional Asset Management B.V. lifted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,225,118 shares of the computer maker's stock after buying an additional 252,169 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of HP worth $38,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in HP during the second quarter valued at $2,357,757,000. State Street Corp boosted its holdings in HP by 1.5% during the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker's stock valued at $1,174,855,000 after acquiring an additional 757,961 shares during the period. Primecap Management Co. CA bought a new position in HP in the 2nd quarter valued at $545,984,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in HP by 3.0% in 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 valued at $191,682,000 after acquiring an additional 254,828 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in HP in the second quarter worth $180,689,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

HPQ has been the subject of a number of recent analyst reports. Evercore set a $32.00 target price on shares of HP in a research note on Monday, August 24th. Barclays raised their price target on shares of HP from $19.00 to $23.00 and gave the stock an "underweight" rating in a research note on Friday, August 28th. Wall Street Zen lowered shares of HP from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. Weiss Ratings upgraded shares of HP from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Finally, Zacks Research raised shares of HP from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $25.42.

HP Stock Performance

NYSE HPQ opened at $33.82 on Friday. The company has a market cap of $30.50 billion, a PE ratio of 12.91, a P/E/G ratio of 1.63 and a beta of 1.17. The firm's 50 day moving average price is $31.47 and its 200-day moving average price is $26.37. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, analysts forecast that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David McQuarrie sold 31,572 shares of HP stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the transaction, the insider directly owned 8,008 shares in the company, valued at approximately $257,216.96. This trade represents a 79.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 73,668 shares of company stock valued at $2,232,982. Company insiders own 0.18% of the company's stock.

About HP

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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