Vanguard Personalized Indexing Management LLC Boosts Holdings in HP Inc. $HPQ

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in HP Inc. by 44.7%, owning 176,249 shares valued at $4.31 million after purchasing an additional 54,454 shares in the 2nd quarter.
• Several hedge funds have modified their holdings in HP, with Global Trust Asset Management LLC significantly increasing its position by 492.6%, reflecting growing institutional interest in the company.
• HP's stock has a consensus price target of $28.71, with a mix of ratings from analysts, including two "Buy," fourteen "Hold," and one "Sell."

Vanguard Personalized Indexing Management LLC lifted its stake in HP Inc. (NYSE:HPQ - Free Report) by 44.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,249 shares of the computer maker's stock after buying an additional 54,454 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in HP were worth $4,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HPQ. WPG Advisers LLC purchased a new stake in HP in the 1st quarter worth $25,000. Global Trust Asset Management LLC lifted its position in shares of 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 buying an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP in the first quarter worth about $35,000. Iron Horse Wealth Management LLC purchased a new stake in shares of HP in the first quarter worth about $39,000. Finally, Financial Freedom LLC lifted its position in shares of 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 buying 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

HPQ has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HP in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. HSBC set a $30.00 price target on shares of HP and gave the company a "buy" rating in a research note on Tuesday. Sanford C. Bernstein assumed coverage on shares of HP in a research note on Monday, September 15th. They set a "market perform" rating and a $30.00 price target on the stock. Finally, Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $28.71.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.38% of the company's stock.

HP Trading Up 4.4%

Shares of HPQ opened at $28.55 on Wednesday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a market cap of $26.69 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.20 and a beta of 1.29. The company's fifty day simple moving average is $27.41 and its 200-day simple moving average is $26.10.

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 analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. 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.

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