Mainstay Capital Management LLC ADV Grows Stock Position in HP Inc. $HPQ

Key Points

• Mainstay Capital Management LLC ADV increased its stake in HP Inc. by 103.2% in Q2, acquiring 61,514 additional shares, bringing its total holdings to 121,128 shares valued at approximately $2.96 million.
• HP stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $29.38, indicating a cautious outlook on the company's performance.
• HP recently reported quarterly earnings of $0.75 per share, matching analysts' expectations, while revenue increased by 3.1% year-over-year to $13.93 billion.

Mainstay Capital Management LLC ADV boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 103.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,128 shares of the computer maker's stock after purchasing an additional 61,514 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in HP were worth $2,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HPQ. WPG Advisers LLC acquired a new position in HP in the 1st quarter valued at about $25,000. Global Trust Asset Management LLC raised its stake in HP by 492.6% in the 2nd 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. acquired a new position in HP in the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC acquired a new position in HP in the 1st quarter valued at about $39,000. Finally, Financial Freedom LLC increased its stake in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after acquiring an additional 878 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HPQ. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. UBS Group upped their price objective on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Evercore ISI reaffirmed an "in-line" rating and set a $29.00 price objective on shares of HP in a research note on Wednesday, September 10th. Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Finally, Sanford C. Bernstein began coverage on shares of HP in a research note on Monday, September 15th. They set a "market perform" rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $29.38.

HP Stock Up 2.0%

NYSE HPQ opened at $27.09 on Thursday. The stock has a market cap of $25.32 billion, a PE ratio of 9.89, a P/E/G ratio of 2.14 and a beta of 1.29. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The business has a 50 day moving average price of $27.23 and a two-hundred day moving average price of $26.16.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Sell-side analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the 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 completion of the transaction, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.38% of the company's stock.

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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