HP Inc. $HPQ Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its position in shares of HP Inc. (NYSE:HPQ) by 26.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,877 shares of the computer maker’s stock after purchasing an additional 2,903 shares during the period. Rehmann Capital Advisory Group’s holdings in HP were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HPQ. Nuveen LLC bought a new stake in shares of HP in the first quarter worth $179,037,000. Invesco Ltd. increased its stake in shares of HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after buying an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 purchasing an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA bought a new stake in HP during the first quarter valued at $22,377,000. Finally, Maj Invest Holding A S increased its stake 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 purchasing an additional 761,622 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Down 0.6%

Shares of NYSE HPQ opened at $27.67 on Friday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company 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. The firm has a 50-day moving average of $27.66 and a two-hundred day moving average of $26.25.

HP (NYSE:HPQ) last issued its quarterly earnings results 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 the consensus estimate of $13.69 billion. During the same period in the prior year, the company earned $0.83 EPS. HP’s revenue 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, research analysts predict 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 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 directly owned 3 shares of the company’s stock, valued at approximately $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. UBS Group upped their price target on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. HSBC set a $30.00 price target on shares of HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Barclays lowered their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen 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 an average rating of “Hold” and a consensus price target of $28.71.

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.