HP Inc. $HPQ Stock Position Lessened by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR reduced its stake in HP Inc. by 91% in the second quarter, owning only 4,684 shares at the end of the quarter, valued at approximately $115,000.
• HP reported $13.93 billion in revenue for the latest quarter, surpassing analysts' expectations, while earnings per share matched the consensus estimate of $0.75.
• Analyst ratings for HP Inc. are mixed, with a current average rating of "Hold" and an average price target of $28.71, following various adjustments from firms like UBS and Barclays.

Generali Asset Management SPA SGR lowered its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 91.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,684 shares of the computer maker's stock after selling 47,540 shares during the quarter. Generali Asset Management SPA SGR's holdings in HP were worth $115,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HPQ. WPG Advisers LLC bought a new position in HP during the first quarter valued at about $25,000. Global Trust Asset Management LLC lifted its holdings in shares of HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP during the first quarter valued at $35,000. Iron Horse Wealth Management LLC purchased a new stake in shares of HP during the first quarter valued at $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after purchasing an additional 947 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

HP Trading Up 0.7%

Shares of HP stock opened at $27.39 on Friday. The stock has a 50-day moving average price of $27.54 and a 200 day moving average price of $26.10. The company has a market cap of $25.60 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.20 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 announced its quarterly earnings data 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 negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the business earned $0.83 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares of the company's stock, valued at $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HPQ has been the subject of several analyst reports. UBS Group upped their target price on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HP in a report on Wednesday, October 8th. Sanford C. Bernstein initiated coverage on HP in a report on Monday, September 15th. They set a "market perform" rating and a $30.00 target price for the company. Hsbc Global Res raised HP from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 14th. Finally, Barclays reduced their price objective on HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HP currently has an average rating of "Hold" and an average price target of $28.71.

About HP

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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