NewEdge Advisors LLC Decreases Position in HP Inc. $HPQ

Key Points

• NewEdge Advisors cut its HP stake by 13.9% in the second quarter, selling 46,606 shares and retaining 289,817 shares valued at approximately $6.36 million. Institutional investors collectively own 77.53% of HP.
• HP reported quarterly earnings of $0.83 per share, beating estimates of $0.66, while revenue rose 12.5% year over year to $15.68 billion. The company guided for fiscal 2026 EPS of $3.19 to $3.29.
• Analyst sentiment remains mixed, with an overall “Hold” rating and average price target of $25.77; meanwhile, HP shares opened at $35.42, near their 52-week high of $36.22. An HP insider also sold 21,048 shares for about $631,000.

NewEdge Advisors LLC decreased its holdings in HP Inc. (NYSE:HPQ - Free Report) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,817 shares of the computer maker's stock after selling 46,606 shares during the period. NewEdge Advisors LLC's holdings in HP were worth $6,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. SHP Wealth Management acquired a new position in HP during the 4th quarter worth $26,000. Union Savings Bank acquired a new stake in HP in the 4th quarter valued at about $28,000. DV Equities LLC purchased a new position in shares of HP in the 4th quarter valued at about $29,000. Aberdeen Wealth Management LLC acquired a new position in shares of HP during the second quarter worth about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of HP during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Buying and Selling

In other HP news, insider David McQuarrie sold 21,048 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 42,096 shares of company stock worth $1,218,890. 0.18% of the stock is owned by company insiders.

HP Stock Down 0.2%

Shares of HPQ opened at $35.42 on Monday. The stock has a 50 day moving average price of $28.29 and a 200 day moving average price of $23.72. The company has a market capitalization of $31.94 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities analysts anticipate that HP Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPQ. TD Cowen raised their target price on shares of HP from $26.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, August 27th. UBS Group increased their price objective on shares of HP from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Sanford C. Bernstein restated a "market perform" rating and issued a $32.00 price objective on shares of HP in a report on Thursday, August 27th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Finally, Morgan Stanley dropped their target price on HP from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday, August 24th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $25.77.

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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