Cullinan Associates Inc. Reduces Holdings in HP Inc. $HPQ

Cullinan Associates Inc. cut its position in HP Inc. (NYSE:HPQ) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,739 shares of the computer maker’s stock after selling 41,684 shares during the quarter. Cullinan Associates Inc.’s holdings in HP were worth $5,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPQ. Invesco Ltd. increased its position in shares of HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after acquiring an additional 1,829,411 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in HP by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock worth $277,265,000 after acquiring an additional 724,020 shares in the last quarter. Deutsche Bank AG grew its holdings in HP by 2.4% during the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock worth $228,204,000 after acquiring an additional 189,969 shares in the last quarter. Nuveen LLC bought a new stake in shares of HP in the 1st quarter worth about $179,037,000. Finally, American Century Companies Inc. raised its stake in shares of HP by 7.4% in the 1st quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker’s stock valued at $147,006,000 after purchasing an additional 367,418 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HPQ shares. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Dbs Bank downgraded HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. Sanford C. Bernstein initiated coverage on HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, HP has an average rating of “Hold” and an average target price of $29.38.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction on Monday, September 29th. The stock was 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. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by insiders.

HP Stock Up 0.5%

HP stock opened at $26.62 on Monday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The firm has a market capitalization of $24.88 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 2.15 and a beta of 1.29. The firm has a 50-day moving average price of $27.15 and a two-hundred day moving average price of $26.17.

HP (NYSE:HPQ) 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. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Company 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.