Denali Advisors LLC Decreases Stake in HP Inc. $HPQ

Denali Advisors LLC lowered its holdings in HP Inc. (NYSE:HPQ) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,162 shares of the computer maker’s stock after selling 1,200 shares during the quarter. Denali Advisors LLC’s holdings in HP were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HPQ. Nuveen LLC purchased a new stake in HP during the first quarter valued at $179,037,000. Invesco Ltd. increased its position in HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after acquiring an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. increased its position in HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock valued at $64,642,000 after acquiring an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA purchased a new stake in HP during the first quarter valued at $22,377,000. Finally, Maj Invest Holding A S increased its position in HP by 15.9% during the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock valued at $135,591,000 after acquiring an additional 761,622 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research reports. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Sanford C. Bernstein initiated coverage on HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective for the company. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. UBS Group boosted their price target on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HP presently has a consensus rating of “Hold” and an average target price of $28.71.

HP Stock Performance

NYSE:HPQ opened at $27.66 on Thursday. The stock has a 50-day simple moving average of $27.63 and a two-hundred day simple moving average of $26.18. 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 $25.85 billion, a PE ratio of 10.09, a P/E/G ratio of 2.27 and a beta of 1.29.

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

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was 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 owned 3 shares of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.

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.