Optas LLC Invests $241,000 in HP Inc. $HPQ

Key Points

• Optas LLC invested $241,000 in HP Inc., purchasing 9,864 shares during the second quarter.
• HP Inc. reported earnings of $0.75 per share, meeting analysts' expectations, and saw a 3.1% increase in revenue year-over-year.
• The stock received positive updates from analysts, with JPMorgan lifting its price target from $27.00 to $30.00, indicating a bullish sentiment on HPQ shares.

Optas LLC bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,864 shares of the computer maker's stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Shell Asset Management Co. increased its position in shares of HP by 49.0% during the second quarter. Shell Asset Management Co. now owns 82,726 shares of the computer maker's stock worth $2,023,000 after acquiring an additional 27,205 shares during the last quarter. SteelPeak Wealth LLC increased its position in shares of HP by 1,117.4% during the second quarter. SteelPeak Wealth LLC now owns 101,467 shares of the computer maker's stock worth $2,508,000 after acquiring an additional 93,132 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of HP by 10.7% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 10,881 shares of the computer maker's stock worth $266,000 after acquiring an additional 1,050 shares during the last quarter. Beacon Financial Advisory LLC increased its position in shares of HP by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 24,563 shares of the computer maker's stock worth $601,000 after acquiring an additional 682 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of HP by 32.6% during the second quarter. QRG Capital Management Inc. now owns 108,901 shares of the computer maker's stock worth $2,664,000 after acquiring an additional 26,792 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 0.3%

Shares of HPQ stock opened at $26.95 on Friday. The business has a 50 day moving average of $27.27 and a two-hundred day moving average of $26.15. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The company has a market cap of $25.19 billion, a P/E ratio of 9.84, a PEG ratio of 2.18 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting 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 period in the previous year, the firm posted $0.83 earnings per share. HP's quarterly 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. Analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Sanford C. Bernstein initiated coverage on HP in a research note on Monday, September 15th. They issued a "market perform" rating and a $30.00 price target for the company. UBS Group lifted their price target on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of HP in a research note on Wednesday. Finally, Evercore ISI reiterated an "in-line" rating and issued a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.38.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of HP 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 completion of the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. The trade was 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 link. 0.38% of the stock is currently owned by insiders.

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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