Caitong International Asset Management Co. Ltd Boosts Stock Holdings in HP Inc. $HPQ

Caitong International Asset Management Co. Ltd raised its holdings in shares of HP Inc. (NYSE:HPQ) by 29,983.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,610 shares of the computer maker’s stock after purchasing an additional 3,598 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in HP were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. WPG Advisers LLC bought a new position in HP during the first quarter valued at $25,000. Global Trust Asset Management LLC lifted its position in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in HP during the first quarter valued at $35,000. Iron Horse Wealth Management LLC bought a new position in HP during the first quarter valued at $39,000. Finally, Golden State Wealth Management LLC lifted its position in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated 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 sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HPQ has been the subject of several research reports. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a research report on Tuesday, October 14th. Barclays lowered their target price 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. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Sanford C. Bernstein initiated coverage on shares of HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price for the company. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.71.

HP Price Performance

Shares of HPQ opened at $27.67 on Friday. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The company has a 50-day moving average of $27.66 and a 200 day moving average of $26.25. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.24 and a beta of 1.29.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same quarter last year, the business posted $0.83 EPS. The firm’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. On average, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

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.