HP Inc. $HPQ Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its holdings in HP Inc. (NYSE:HPQ - Free Report) by 80.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,395 shares of the computer maker's stock after selling 48,326 shares during the quarter. J. Safra Sarasin Holding AG's holdings in HP were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue increased its position in HP by 36.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker's stock valued at $7,013,000 after acquiring an additional 75,895 shares during the period. BayBridge Capital Group LLC acquired a new position in shares of HP in the first quarter valued at approximately $1,505,000. Meritage Portfolio Management raised its stake in shares of HP by 37.8% during the first quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker's stock worth $3,894,000 after purchasing an additional 38,568 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of HP during the first quarter worth $6,359,000. Finally, Horizon Financial Services LLC lifted its holdings in shares of HP by 2,669.0% during the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock worth $319,000 after purchasing an additional 11,103 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the company's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company's stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company's stock.

HP Price Performance

NYSE HPQ opened at $26.62 on Monday. The business has a 50 day moving average price of $27.15 and a 200 day moving average price of $26.17. The company has a market capitalization of $24.88 billion, a P/E ratio of 9.71, a PEG ratio of 2.15 and a beta of 1.29. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Barclays cut their price target on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Sanford C. Bernstein started coverage on HP in a research note on Monday, September 15th. They set a "market perform" rating and a $30.00 target price for the company. Finally, Evercore ISI reissued an "in-line" rating and issued a $29.00 price target on shares of HP in a report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.38.

HP Company 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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