Vontobel Holding Ltd. Raises Stock Position in HP Inc. $HPQ

Vontobel Holding Ltd. boosted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,425 shares of the computer maker's stock after purchasing an additional 10,639 shares during the period. Vontobel Holding Ltd.'s holdings in HP were worth $1,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HPQ. Farther Finance Advisors LLC raised its stake in shares of HP by 39.6% in the 1st quarter. Farther Finance Advisors LLC now owns 29,904 shares of the computer maker's stock valued at $831,000 after acquiring an additional 8,487 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of HP in the 1st quarter valued at approximately $286,000. Harbor Capital Advisors Inc. raised its stake in shares of HP by 59.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 21,616 shares of the computer maker's stock valued at $599,000 after acquiring an additional 8,082 shares during the period. GAMMA Investing LLC raised its stake in shares of HP by 23.1% in the 1st 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 during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of HP by 17.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 389,775 shares of the computer maker's stock valued at $10,793,000 after acquiring an additional 56,819 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Barclays dropped their price objective 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. UBS Group lifted their price objective on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Sanford C. Bernstein assumed coverage on shares of HP in a report on Monday, September 15th. They issued a "market perform" rating and a $30.00 price objective for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of HP in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, HP presently has a consensus rating of "Hold" and an average target price of $29.38.

HP Price Performance

HPQ stock opened at $25.57 on Friday. The company has a fifty day moving average price of $27.29 and a 200 day moving average price of $26.11. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The company has a market cap of $23.90 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released 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 quarter in the prior year, the firm earned $0.83 EPS. HP'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. As a group, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of the company's 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 completion of the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.38% of the company's stock.

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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