New York State Teachers Retirement System Has $19.72 Million Holdings in HP Inc. $HPQ

Key Points

• The New York State Teachers Retirement System reduced its stake in HP Inc. by 7.4%, now holding approximately $19.72 million in stock.
• CEO Enrique Lores sold 34,282 shares of HP for around $920,471, drastically reducing his ownership to just 3 shares.
• HSBC Global Research upgraded HP's stock from a "hold" to a "strong-buy" rating, setting a target price of $30.00.

New York State Teachers Retirement System lessened its stake in HP Inc. (NYSE:HPQ - Free Report) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 806,226 shares of the computer maker's stock after selling 64,320 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of HP worth $19,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. WPG Advisers LLC acquired a new position in HP during the first quarter worth about $25,000. Global Trust Asset Management LLC raised its stake in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock worth $29,000 after acquiring an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in HP during the first quarter worth about $35,000. Iron Horse Wealth Management LLC acquired a new position in HP during the first quarter worth about $39,000. Finally, Golden State Wealth Management LLC raised its stake in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after acquiring an additional 947 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,282 shares of the company'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 value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of HP in a research note on Wednesday, October 8th. Hsbc Global Res raised HP from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. HSBC set a $30.00 target price on HP and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Evercore ISI restated an "in-line" rating and set a $29.00 price target on shares of HP in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.71.

HP Price Performance

NYSE:HPQ opened at $27.39 on Friday. The firm's 50 day simple moving average is $27.54 and its 200 day simple moving average is $26.11. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The company has a market cap of $25.60 billion, a PE ratio of 10.00, a P/E/G ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS 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 business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period last year, the company earned $0.83 EPS. The firm's revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities research analysts expect that HP Inc. will post 3.56 EPS 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.

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