VIRGINIA RETIREMENT SYSTEMS ET Al Invests $8.83 Million in HP Inc. $HPQ

Key Points

• The Virginia Retirement Systems has acquired a new stake in HP Inc., purchasing 360,800 shares valued at approximately $8.83 million in the second quarter.
• HP reported earnings of $0.75 per share in its latest quarter, meeting expectations, with revenue reaching $13.93 billion, a 3.1% increase from the same quarter last year.
• Analysts have mixed views on HP's stock with a consensus rating of "Hold" and a target price of $28.71, while JPMorgan Chase upgraded their rating to "overweight" with a target of $30.00.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 360,800 shares of the computer maker's stock, valued at approximately $8,825,000.

Several other institutional investors also recently modified their holdings of HPQ. GAMMA Investing LLC grew its holdings in shares of HP by 23.1% in the first quarter. GAMMA Investing LLC now owns 15,663 shares of the computer maker's stock valued at $434,000 after acquiring an additional 2,936 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of HP by 3.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 254,092 shares of the computer maker's stock valued at $7,036,000 after acquiring an additional 8,910 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of HP by 14.0% in the first quarter. Blue Trust Inc. now owns 8,915 shares of the computer maker's stock valued at $247,000 after acquiring an additional 1,098 shares in the last quarter. Intact Investment Management Inc. boosted its stake in HP by 30.0% in the first quarter. Intact Investment Management Inc. now owns 2,600 shares of the computer maker's stock valued at $72,000 after acquiring an additional 600 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of HP during the 1st quarter valued at approximately $755,000. 77.53% of the stock is owned by institutional investors.

HP Price Performance

Shares of NYSE:HPQ opened at $27.65 on Tuesday. The firm has a fifty day moving average price of $27.59 and a two-hundred day moving average price of $26.15. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.20 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, 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 period last year, the firm earned $0.83 EPS. 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 research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HPQ shares. Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Hsbc Global Res raised shares of HP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a "hold (c)" rating on shares of HP in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Evercore ISI reissued an "in-line" rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $28.71.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares of the company's stock, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is currently owned by insiders.

HP 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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