HP Inc. $HPQ Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its holdings in HP Inc. by 41.0% during the first quarter, leaving them with a total of 140,682 shares valued at approximately $3.9 million.
• Research reports show a mixed outlook for HPQ; while UBS raised its target price from $26.00 to $29.00, Wells Fargo cut theirs from $35.00 to $25.00, indicating varying analyst sentiments.
• HP's recent earnings results showed an EPS of $0.75, aligning with consensus estimates, and revenue increased by 3.1% year-over-year, with guidance set at $0.870-0.97 EPS for Q4 2025.

USS Investment Management Ltd trimmed its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 41.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,682 shares of the computer maker's stock after selling 97,700 shares during the quarter. USS Investment Management Ltd's holdings in HP were worth $3,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of HPQ. Bleakley Financial Group LLC boosted its stake in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock valued at $561,000 after purchasing an additional 411 shares during the period. Private Trust Co. NA boosted its stake in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock valued at $102,000 after purchasing an additional 433 shares during the period. TCW Group Inc. boosted its stake in shares of HP by 3.4% during the first quarter. TCW Group Inc. now owns 13,959 shares of the computer maker's stock valued at $387,000 after purchasing an additional 457 shares during the period. First American Bank boosted its stake in shares of HP by 1.0% during the first quarter. First American Bank now owns 47,300 shares of the computer maker's stock valued at $1,310,000 after purchasing an additional 458 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of HP by 7.0% during the first quarter. Larson Financial Group LLC now owns 7,214 shares of the computer maker's stock valued at $200,000 after purchasing an additional 472 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 1.3%

Shares of HP stock traded down $0.38 during midday trading on Friday, hitting $27.96. The company had a trading volume of 8,099,026 shares, compared to its average volume of 8,422,007. The stock has a market cap of $26.13 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.28 and a beta of 1.29. The company has a fifty day simple moving average of $26.47 and a 200 day simple moving average of $26.49. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share 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 company had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the prior year, the company earned $0.83 EPS. HP's quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of research reports. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. KGI Securities initiated coverage on shares of HP in a research note on Thursday, May 29th. They issued a "neutral" rating for the company. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price objective on shares of HP in a research note on Wednesday. Bank of America decreased their price target 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. Finally, UBS Group increased their price target on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $29.71.

HP 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.