Stephens Inc. AR Sells 128,459 Shares of HP Inc. $HPQ

Key Points

• Stephens Inc. AR reduced its stake in HP Inc. by 41.9% in the second quarter, selling 128,459 shares and now holding 178,477 shares worth approximately $4.37 million.
• CEO Enrique Lores sold 34,282 shares of HP on September 29th, drastically reducing his ownership by 99.99% to just 3 shares valued at around $80.55.
• Analysts have mixed views on HP's stock, with ratings ranging from "Strong Buy" to "Sell," while the consensus price target stands at $28.71.

Stephens Inc. AR lessened its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 41.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,477 shares of the computer maker's stock after selling 128,459 shares during the quarter. Stephens Inc. AR's holdings in HP were worth $4,366,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after buying an additional 1,829,411 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of HP by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock worth $277,265,000 after buying an additional 724,020 shares during the period. Deutsche Bank AG lifted its stake in shares of HP by 2.4% during the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after buying an additional 189,969 shares during the period. Nuveen LLC acquired a new stake in shares of HP during the first quarter worth $179,037,000. Finally, American Century Companies Inc. lifted its stake in shares of HP by 7.4% during the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock worth $147,006,000 after buying an additional 367,418 shares during the period. Institutional investors own 77.53% of the company's stock.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 3 shares of the company's stock, valued at approximately $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Evercore ISI reiterated an "in-line" rating and set a $29.00 price objective on shares of HP in a research note on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price objective on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of HP in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.71.

HP Price Performance

NYSE:HPQ opened at $28.16 on Wednesday. The firm has a market capitalization of $26.32 billion, a P/E ratio of 10.28, a PEG ratio of 2.23 and a beta of 1.29. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The company's fifty day moving average price is $27.62 and its 200-day moving average price is $26.17.

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, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business'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. Equities analysts anticipate that HP Inc. will post 3.56 EPS 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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