Robeco Institutional Asset Management B.V. Reduces Stake in HP Inc. $HPQ

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in HP Inc. by 28.9% in the second quarter, owning 1,195,130 shares after selling 485,623 shares.
• JPMorgan Chase & Co. raised its target price for HP from $27.00 to $30.00, while other analysts have varied ratings, with an average target price of $29.38.
• HP reported $0.75 earnings per share for its most recent quarter, meeting the consensus estimate and reflecting a 3.1% year-over-year revenue increase to $13.93 billion.

Robeco Institutional Asset Management B.V. lowered its stake in HP Inc. (NYSE:HPQ - Free Report) by 28.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,195,130 shares of the computer maker's stock after selling 485,623 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of HP worth $29,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. WPG Advisers LLC purchased a new position in HP in the first quarter worth about $25,000. Global Trust Asset Management LLC grew its position in HP by 492.6% in 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. purchased a new position in HP in the first quarter worth about $35,000. Iron Horse Wealth Management LLC purchased a new position in HP in the first quarter worth about $39,000. Finally, Financial Freedom LLC grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPQ. JPMorgan Chase & Co. boosted their target price on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Evercore ISI restated an "in-line" rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. UBS Group boosted their target price on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Finally, Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $29.38.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares of the company's stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company's stock.

HP Stock Performance

HP stock opened at $26.62 on Friday. The company has a 50 day moving average price of $27.15 and a 200-day moving average price of $26.20. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The company has a market capitalization of $24.88 billion, a PE ratio of 9.71, a P/E/G ratio of 2.13 and a beta of 1.29.

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