UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Holdings in HP Inc. $HPQ

Key Points

• UBS AM increased its shares in HP Inc. by 7.8% in Q1, owning 10,013,184 shares valued at $277.27 million.
• Institutional investors own 77.53% of HP, with multiple firms raising their stakes in the company during the previous quarter.
• HP reported earnings of $0.75 per share for Q3, meeting analyst expectations, with revenue reaching $13.93 billion, a 3.1% increase year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,013,184 shares of the computer maker's stock after buying an additional 724,020 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.06% of HP worth $277,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HPQ. WPG Advisers LLC acquired a new stake in shares of HP during the first quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in HP in the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC acquired a new stake in shares of HP during the 1st quarter worth about $39,000. Financial Freedom LLC grew its holdings in shares of HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after buying an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position 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 valued at $42,000 after buying an additional 947 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. Barclays decreased their price objective on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Bank of America lowered their price target on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, HP has an average rating of "Hold" and a consensus price target of $29.71.

HP Stock Performance

HP stock traded down $0.38 during midday trading on Friday, reaching $27.96. The stock had a trading volume of 8,101,284 shares, compared to its average volume of 9,095,175. The stock's 50-day simple moving average is $26.51 and its 200 day simple moving average is $26.45. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The stock has a market capitalization of $26.13 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last announced 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 company had revenue of $13.93 billion during 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 firm's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal 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.