Perpetual Ltd Invests $252,000 in HP Inc. $HPQ

Key Points

• Perpetual Ltd has acquired a new stake in HP Inc., purchasing 10,284 shares valued at approximately $252,000 in the second quarter.
• HP Inc. reported $0.75 EPS for its latest quarter, meeting analysts' estimates, with revenues of $13.93 billion surpassing expectations.
• Wall Street analysts currently rate HP stock as an average "Hold," with a consensus price target of $29.38.

Perpetual Ltd purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,284 shares of the computer maker's stock, valued at approximately $252,000.

Other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of HP in the first quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in HP in the 1st quarter valued at approximately $35,000. Iron Horse Wealth Management LLC acquired a new position in shares of HP in the first quarter worth $39,000. Financial Freedom LLC raised its holdings in shares of HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after acquiring an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of HP by 165.3% in 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 during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. KGI Securities began coverage on HP in a report on Thursday, May 29th. They issued a "neutral" rating for the company. Sanford C. Bernstein began coverage on HP in a research note on Monday, September 15th. They issued a "market perform" rating and a $30.00 target price for the company. Evercore ISI reiterated an "in-line" rating and issued a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. Finally, Morgan Stanley dropped their target price 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. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HP has an average rating of "Hold" and an average target price of $29.38.

HP Stock Up 0.4%

Shares of NYSE HPQ traded up $0.12 on Monday, hitting $28.28. The company had a trading volume of 7,247,973 shares, compared to its average volume of 9,889,120. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The business has a 50 day moving average of $26.74 and a two-hundred day moving average of $26.28. The firm has a market capitalization of $26.43 billion, a P/E ratio of 10.32, a PEG ratio of 2.27 and a beta of 1.29.

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

HP Company Profile

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.