Forum Financial Management LP Grows Stake in HP Inc. $HPQ

Forum Financial Management LP boosted its position in shares of HP Inc. (NYSE:HPQ) by 41.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,261 shares of the computer maker’s stock after purchasing an additional 3,890 shares during the quarter. Forum Financial Management LP’s holdings in HP were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in HP by 36.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after purchasing an additional 75,895 shares during the period. Meritage Portfolio Management grew its stake in HP by 37.8% during the 1st quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker’s stock worth $3,894,000 after buying an additional 38,568 shares during the last quarter. Jump Financial LLC acquired a new stake in HP during the 1st quarter worth about $6,359,000. Horizon Financial Services LLC lifted its position in HP by 2,669.0% during the 1st quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker’s stock worth $319,000 after acquiring an additional 11,103 shares during the period. Finally, Longfellow Investment Management Co. LLC acquired a new stake in HP during the 1st quarter worth about $627,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

HP Trading Down 0.6%

NYSE:HPQ opened at $27.67 on Monday. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock has a 50 day moving average of $27.66 and a two-hundred day moving average of $26.29. The firm has a market cap of $25.87 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same period in the previous year, the business earned $0.83 EPS. HP’s quarterly revenue 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, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPQ. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. UBS Group boosted their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Sanford C. Bernstein began coverage on HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. Barclays decreased their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. cut HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Wednesday, October 22nd. One investment 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 given a Sell rating to the company. According to MarketBeat.com, HP has a consensus rating of “Hold” and an average target price of $28.71.

HP 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.