IFP Advisors Inc Boosts Stock Holdings in HP Inc. $HPQ

IFP Advisors Inc lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 53.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,816 shares of the computer maker's stock after purchasing an additional 9,337 shares during the period. IFP Advisors Inc's holdings in HP were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of HP by 19.2% during the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after purchasing an additional 1,829,411 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of HP by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock worth $277,265,000 after purchasing an additional 724,020 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of HP by 2.4% during the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after purchasing an additional 189,969 shares during the last quarter. Nuveen LLC acquired a new position in shares of HP during the 1st quarter worth approximately $179,037,000. Finally, American Century Companies Inc. boosted its holdings in shares of HP by 7.4% during the 1st quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock worth $147,006,000 after purchasing an additional 367,418 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent research reports. 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 on the stock. Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Evercore ISI reiterated an "in-line" rating and issued a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. JPMorgan Chase & Co. upped their price objective on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, UBS Group upped their price objective on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, HP presently has an average rating of "Hold" and an average price target of $29.38.

HP Trading Up 7.0%

Shares of HPQ opened at $27.34 on Tuesday. The stock's 50 day moving average is $27.34 and its two-hundred day moving average is $26.08. The firm has a market capitalization of $25.55 billion, a PE ratio of 9.98, a P/E/G ratio of 2.06 and a beta of 1.29. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company's stock, valued at $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.

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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