HP Inc. $HPQ Stock Position Lifted by Rockland Trust Co.

Key Points

• Rockland Trust Co. has increased its ownership in HP Inc. by 5.6%, acquiring an additional 13,739 shares to reach a total of 260,294 shares valued at approximately $6.37 million.
• HP Inc. reported earnings of $0.75 per share for the last quarter, meeting analysts' expectations, with total revenue of $13.93 billion, surpassing expected projections.
• Wall Street analysts have mixed opinions on HP stock, with a consensus rating of "Hold" and a price target averaging $29.38, suggesting cautious optimism among investors.

Rockland Trust Co. boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,294 shares of the computer maker's stock after buying an additional 13,739 shares during the period. Rockland Trust Co.'s holdings in HP were worth $6,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd grew its stake in HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker's stock valued at $869,000 after acquiring an additional 363 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in HP by 4.4% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker's stock valued at $223,000 after purchasing an additional 369 shares during the period. Fiduciary Financial Group LLC increased its position in HP by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker's stock valued at $324,000 after purchasing an additional 390 shares during the period. Bleakley Financial Group LLC increased its position in HP by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock valued at $561,000 after purchasing an additional 411 shares during the period. Finally, Private Trust Co. NA grew its position in shares of HP by 13.3% in the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock worth $102,000 after buying an additional 433 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

HP stock traded down $0.08 during midday trading on Friday, reaching $28.16. 12,697,868 shares of the company were exchanged, compared to its average volume of 9,582,931. The company has a market capitalization of $26.32 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 2.27 and a beta of 1.29. The firm's 50-day simple moving average is $26.74 and its 200-day simple moving average is $26.31. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The business 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%.The company's revenue was up 3.1% compared to the same quarter last year. 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, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on HPQ shares. Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Sanford C. Bernstein started coverage on shares of HP in a research note on Monday, September 15th. They issued a "market perform" rating and a $30.00 target price for the company. Morgan Stanley cut their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. TD Cowen cut their price target on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Finally, Barclays dropped their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $29.38.

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.