MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 231,023 Shares of HP Inc. $HPQ

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in HP Inc. by 45.3%, selling 231,023 shares and leaving it with a total of 279,216 shares valued at approximately $7.73 million.
• HP's recent earnings report showed an EPS of $0.75, meeting expectations, with a quarterly revenue of $13.93 billion representing a 3.1% year-over-year increase.
• Analysts have set a consensus target price of $29.71 for HP shares, with ratings ranging from one Buy to fourteen Holds and one Sell.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 45.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 279,216 shares of the computer maker's stock after selling 231,023 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in HP were worth $7,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. lifted its holdings in shares of HP by 18.3% in the fourth quarter. Baird Financial Group Inc. now owns 24,668 shares of the computer maker's stock valued at $805,000 after buying an additional 3,824 shares during the period. Cetera Investment Advisers boosted its stake in shares of HP by 13.7% during the 4th quarter. Cetera Investment Advisers now owns 144,009 shares of the computer maker's stock worth $4,699,000 after acquiring an additional 17,376 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after acquiring an additional 587 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of HP by 70.5% during the 4th quarter. Focus Partners Wealth now owns 156,514 shares of the computer maker's stock worth $5,260,000 after acquiring an additional 64,711 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of HP by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 150,725 shares of the computer maker's stock worth $4,916,000 after acquiring an additional 9,568 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HPQ. Morgan Stanley reduced their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. UBS Group raised their price objective on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised their price objective on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Barclays reduced their target price on HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Finally, KGI Securities began coverage on HP in a report on Thursday, May 29th. They set a "neutral" rating for the company. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HP currently has an average rating of "Hold" and a consensus price target of $29.71.

HP Trading Down 1.3%

NYSE:HPQ traded down $0.38 during mid-day trading on Friday, hitting $27.96. 8,101,284 shares of the company's stock traded hands, compared to its average volume of 9,095,175. The firm has a 50 day moving average of $26.51 and a two-hundred day moving average of $26.45. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the company earned $0.83 EPS. The company'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, equities research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

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.