HP Inc. $HPQ Stock: Alps Advisors Inc. Trims Stake

Key Points

• Alps Advisors cut its HP stake by 25.1% in the third quarter, selling 267,459 shares; it retained 800,223 shares valued at about $25.0 million.
• HP reported quarterly EPS of $0.83, beating estimates of $0.66, while revenue reached $15.68 billion, up 12.5% year over year. The company guided to fiscal 2026 EPS of $3.19–$3.29.
• Analyst sentiment is mixed: five analysts rate HP a Buy, seven a Hold and five a Sell, for an overall Hold consensus and an average price target of $26.30.

Alps Advisors Inc. decreased its position in HP Inc. (NYSE:HPQ - Free Report) by 25.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,223 shares of the computer maker's stock after selling 267,459 shares during the period. Alps Advisors Inc. owned 0.09% of HP worth $25,031,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. North Point Portfolio Managers Corp OH bought a new position in shares of HP during the 3rd quarter worth about $28,000. Aberdeen Wealth Management LLC bought a new stake in HP in the 2nd quarter worth approximately $29,000. MCF Advisors LLC grew its holdings in shares of HP by 149.0% during 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 during the last quarter. Heritage Family Offices LLP bought a new position in HP during the third quarter valued at approximately $31,000. Finally, West Paces Advisors Inc. acquired a new stake in shares of HP in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 31,572 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the sale, the insider directly owned 8,008 shares of the company's stock, valued at $257,216.96. This represents a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total value of $618,542.32. Following the completion of the transaction, the insider owned 169 shares of the company's stock, valued at $5,502.64. The trade was a 99.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is owned by company insiders.

HP Stock Performance

NYSE HPQ opened at $28.49 on Friday. The company has a 50-day simple moving average of $31.65 and a 200 day simple moving average of $24.75. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22. The company has a market capitalization of $25.70 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The business's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 forecast that HP Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HPQ. Barclays upped their price target on HP from $19.00 to $23.00 and gave the stock an "underweight" rating in a research note on Friday, August 28th. KGI Securities lifted their target price on HP from $18.00 to $32.00 in a research report on Thursday, August 27th. Royal Bank Of Canada assumed coverage on shares of HP in a report on Thursday, September 10th. They set a "sector perform" rating and a $33.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on HP from $27.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, August 25th. Finally, HSBC lifted their price target on shares of HP from $29.60 to $33.80 and gave the company a "buy" rating in a research note on Monday, August 31st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.30.

HP Company Profile

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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