Public Employees Retirement System of Ohio Buys 9,378 Shares of HP Inc. $HPQ

Key Points

• The Public Employees Retirement System of Ohio increased its stake in HP Inc. by 2.9%, owning a total of 330,169 shares valued at approximately $8.08 million.
• HP's stock saw analysts update their price targets, with UBS raising its target from $26.00 to $29.00, while JPMorgan Chase increased its target from $27.00 to $30.00.
• The company reported a net margin of 4.83% for the last quarter, with revenue of $13.93 billion, surpassing analysts' expectations of $13.69 billion.

Public Employees Retirement System of Ohio raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 330,169 shares of the computer maker's stock after acquiring an additional 9,378 shares during the quarter. Public Employees Retirement System of Ohio's holdings in HP were worth $8,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in shares of HP by 4.8% in the second quarter. Fifth Third Bancorp now owns 35,288 shares of the computer maker's stock worth $863,000 after acquiring an additional 1,618 shares during the last quarter. GAMMA Investing LLC raised its holdings in HP by 56.5% in the 2nd quarter. GAMMA Investing LLC now owns 24,518 shares of the computer maker's stock valued at $600,000 after buying an additional 8,855 shares during the last quarter. Foundation Resource Management Inc. raised its holdings in HP by 1.1% in the 2nd quarter. Foundation Resource Management Inc. now owns 373,415 shares of the computer maker's stock valued at $9,134,000 after buying an additional 3,939 shares during the last quarter. Park Avenue Securities LLC raised its holdings in HP by 11.0% in the 2nd quarter. Park Avenue Securities LLC now owns 46,908 shares of the computer maker's stock valued at $1,147,000 after buying an additional 4,663 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in HP by 40.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 42,060 shares of the computer maker's stock valued at $1,029,000 after buying an additional 12,156 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HPQ. UBS Group increased their target price on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Evercore ISI reissued an "in-line" rating and issued a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $29.38.

HP Stock Down 0.5%

Shares of HPQ opened at $26.71 on Friday. The business's 50-day moving average price is $27.02 and its 200-day moving average price is $26.24. The stock has a market cap of $24.97 billion, a PE ratio of 9.75, a P/E/G ratio of 2.15 and a beta of 1.29. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal 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.

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