HP Inc. $HPQ Stock Purchased by VestGen Advisors LLC

Key Points

• VestGen Advisors increased its HP stake by 561.2% in the third quarter, acquiring 52,047 additional shares for a total of 61,322 shares valued at $1.92 million. Institutional investors collectively own 77.53% of HP.
• HP shares opened at $28.82 after a reported 9.5% decline, with the stock trading below its 50-day average but above its 200-day average. The company has a $26.0 billion market capitalization and a P/E ratio of 11.
• HP recently beat quarterly estimates with $0.83 in EPS and $15.68 billion in revenue, but analyst sentiment remains cautious: the consensus rating is “Reduce,” with a $25.42 price target, amid concerns about slowing PC demand and component shortages.

VestGen Advisors LLC raised its holdings in HP Inc. (NYSE:HPQ - Free Report) by 561.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,322 shares of the computer maker's stock after acquiring an additional 52,047 shares during the period. VestGen Advisors LLC's holdings in HP were worth $1,918,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HPQ. MassMutual Private Wealth & Trust FSB grew its stake in HP by 10.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker's stock worth $110,000 after buying an additional 467 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in HP by 0.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker's stock worth $1,772,000 after acquiring an additional 491 shares in the last quarter. Cullinan Associates Inc. increased its stake in HP by 0.3% in the second quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker's stock valued at $4,154,000 after acquiring an additional 540 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in HP by 2.5% in the third quarter. Elevation Wealth Partners LLC now owns 22,488 shares of the computer maker's stock valued at $703,000 after acquiring an additional 550 shares during the last quarter. Finally, Wilkerson Advisory Group LLC raised its position in HP by 35.0% during the first quarter. Wilkerson Advisory Group LLC now owns 2,512 shares of the computer maker's stock valued at $48,000 after purchasing an additional 651 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

HP Trading Down 9.5%

Shares of NYSE:HPQ opened at $28.82 on Friday. The stock's 50-day moving average price is $31.73 and its 200-day moving average price is $24.54. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The stock has a market capitalization of $25.99 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. The firm 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 company's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. 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, research analysts predict that HP Inc. will post 3.23 EPS for the current year.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP’s lower valuation relative to Apple, along with continued adoption of AI-enabled PCs and demand for premium commercial devices, supports the stock’s long-term investment case. HPQ vs. AAPL: Which Computer Stock Offers Better Investment Potential?
• Positive Sentiment: HP previously exceeded quarterly expectations, reporting $0.83 in adjusted earnings per share versus a $0.66 consensus estimate and $15.68 billion in revenue, up 12.5% year over year. This provides some fundamental support, although investors are focused more heavily on forward PC demand. HP Inc. earnings preview: What to expect
• Neutral Sentiment: Insider Anneliese Olson sold approximately $618,542 of HP stock to cover tax withholding tied to vested equity awards. Because the sale was described as tax-related rather than discretionary, it is a limited signal about management’s outlook. Insider Selling: HP Insider Sells $618,542.32 in Stock
• Negative Sentiment: Intel’s warning that memory shortages are constraining PC demand triggered selling across computer and server makers, including HP. Investors fear tighter component availability, weaker PC shipments and margin pressure could weigh on HP’s upcoming results. Dell Sinks as Intel’s Warning Hits Hardware Stocks
• Negative Sentiment: Intel’s weak guidance and margin concerns reinforced fears of a broader PC-market downturn, increasing pressure on HP’s consumer-computing business and near-term earnings outlook. Silicon Shock: Intel’s 25% Valuation Reset
• Negative Sentiment: Zacks Research downgraded HP from “strong buy” to “hold,” adding to the cautious tone surrounding the stock. Broader analyst sentiment remains restrained, with concerns about slowing PC demand despite HP’s inexpensive valuation. Zacks Research stock recommendations

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 18,997 shares of the stock in a transaction that occurred 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 sale, the insider owned 169 shares in the company, valued at approximately $5,502.64. This trade represents a 99.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of HP stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the sale, the insider owned 8,008 shares in the company, valued at approximately $257,216.96. This trade represents a 79.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 82,141 shares of company stock valued at $2,557,063 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price objective on HP from $26.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, August 27th. The Goldman Sachs Group raised their price objective on HP from $19.00 to $21.00 and gave the company a "sell" rating in a report on Wednesday, August 12th. UBS Group boosted their target price on HP from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Zacks Research lowered HP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Barclays increased their price target on shares of HP from $19.00 to $23.00 and gave the company an "underweight" rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $25.42.

About HP

HP Inc NYSE: HPQ is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.

Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.