HP Inc. $HPQ Shares Sold by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services cut its HP stake by 3.4%, selling 35,643 shares in the third quarter; it retained 1,024,705 shares valued at about $32.1 million.
• Analyst sentiment is mixed but averages to a “Hold” rating, with a consensus price target of $26.30; five analysts rate HP Buy, seven Hold and five Sell.
• HP reported quarterly EPS of $0.83, beating the $0.66 consensus, while revenue rose 12.5% year over year to $15.68 billion. The company forecast fiscal 2026 EPS of $3.19–$3.29.

Commonwealth Equity Services LLC reduced its stake in HP Inc. (NYSE:HPQ - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,024,705 shares of the computer maker's stock after selling 35,643 shares during the period. Commonwealth Equity Services LLC owned approximately 0.11% of HP worth $32,053,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. North Point Portfolio Managers Corp OH purchased a new position in shares of HP during the third quarter worth $28,000. Aberdeen Wealth Management LLC acquired a new stake in shares of HP in the second quarter valued at $29,000. MCF Advisors LLC grew its stake in shares of HP by 149.0% in the second quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker's stock valued at $29,000 after buying an additional 800 shares in the last quarter. West Paces Advisors Inc. purchased a new stake in shares of HP in the 2nd quarter valued at $34,000. Finally, Compass Financial Management LLC purchased a new stake in shares of HP in the 2nd quarter valued at $38,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HPQ shares. JPMorgan Chase & Co. increased their target price on HP from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 25th. Zacks Research cut HP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 27th. UBS Group lifted their target price on HP from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Bank of America reiterated an "underperform" rating on shares of HP in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group boosted their price target on shares of HP from $21.00 to $22.00 and gave the stock a "sell" rating in a research note on Monday, August 31st. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, HP has a consensus rating of "Hold" and an average price target of $26.30.

Insider Buying and Selling at HP

In other HP news, insider David McQuarrie sold 31,572 shares of the company's stock in a transaction dated 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 owned 8,008 shares in the company, valued at $257,216.96. This represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $32.56, for a total value of $618,542.32. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $5,502.64. This represents a 99.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.18% of the company's stock.

HP Stock Up 0.1%

Shares of HPQ stock opened at $28.49 on Monday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $36.22. The stock has a market capitalization of $25.70 billion, a PE ratio of 10.88, a P/E/G ratio of 1.56 and a beta of 1.16. The firm has a 50 day moving average of $31.65 and a two-hundred day moving average of $24.75.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company's quarterly revenue was up 12.5% compared to the same quarter last year. 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 expect that HP Inc. will post 3.23 EPS for the current fiscal year.

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers.

The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.

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

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