HP Inc. $HPQ Stake Lowered by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has reduced its stake in HP Inc. by 17.9% during the 2nd quarter, owning 304,569 shares worth $7.45 million after selling 66,401 shares.
• HP Inc.'s stock price recently declined by 3.6% and currently trades at $27.50, with a 12-month range of $21.21 to $39.79.
• Analysts have recently adjusted HP's price targets, with Wells Fargo reducing it from $35.00 to $25.00 and Barclays cutting it from $28.00 to $27.00, indicating concerns over the company's performance.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,569 shares of the computer maker's stock after selling 66,401 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in HP were worth $7,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Maridea Wealth Management LLC purchased a new position in shares of HP during the 2nd quarter valued at $354,000. TD Private Client Wealth LLC boosted its holdings in HP by 14.5% in the second quarter. TD Private Client Wealth LLC now owns 42,581 shares of the computer maker's stock worth $1,042,000 after purchasing an additional 5,377 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in HP by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 330,169 shares of the computer maker's stock worth $8,076,000 after purchasing an additional 9,378 shares in the last quarter. Fifth Third Bancorp boosted its holdings in HP by 4.8% in the second quarter. Fifth Third Bancorp now owns 35,288 shares of the computer maker's stock worth $863,000 after purchasing an additional 1,618 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in HP by 56.5% in the second quarter. GAMMA Investing LLC now owns 24,518 shares of the computer maker's stock worth $600,000 after purchasing an additional 8,855 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Down 3.6%

NYSE:HPQ opened at $27.50 on Thursday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The firm has a market capitalization of $25.70 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The firm has a 50-day moving average price of $26.95 and a 200 day moving average price of $26.29.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company's quarterly revenue was up 3.1% compared to the same quarter last year. 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 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HPQ shares. Wells Fargo & Company decreased their price objective on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, May 29th. Barclays cut their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Bank of America cut their target price on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. TD Cowen cut their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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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