Rep. Robert Bresnahan, Jr. Sells HP Inc. (NYSE:HPQ) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of HP Inc. NYSE: HPQ. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in HP stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.

HP Price Performance

Shares of NYSE HPQ traded down $0.06 during midday trading on Monday, hitting $25.89. 4,577,264 shares of the company's stock were exchanged, compared to its average volume of 7,838,051. The firm's fifty day simple moving average is $26.61 and its 200-day simple moving average is $31.81. The company has a market cap of $24.41 billion, a PE ratio of 9.21, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Equities analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HPQ shares. JPMorgan Chase & Co. dropped their price objective on HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Citigroup cut their price target on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. TD Cowen decreased their price objective on HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Evercore ISI cut their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, HP has a consensus rating of "Hold" and an average price target of $33.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HPQ. Synergy Asset Management LLC purchased a new stake in HP in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of HP in the fourth quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in HP during the first quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in HP in the fourth quarter worth $36,000. Finally, OFI Invest Asset Management acquired a new stake in HP in the fourth quarter valued at $37,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.