KBC Group NV Raises Stake in HP Inc. $HPQ

KBC Group NV boosted its position in HP Inc. (NYSE:HPQ) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,227,197 shares of the computer maker’s stock after acquiring an additional 13,128 shares during the period. KBC Group NV owned about 0.45% of HP worth $103,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its stake in shares of HP by 36.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after purchasing an additional 75,895 shares in the last quarter. Jump Financial LLC purchased a new position in HP in the first quarter valued at approximately $6,359,000. Resona Asset Management Co. Ltd. lifted its position in HP by 6.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock valued at $7,825,000 after buying an additional 18,240 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of HP in the first quarter worth $627,000. Finally, Maj Invest Holding A S increased its position in shares of HP by 15.9% in the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock worth $135,591,000 after acquiring an additional 761,622 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Down 2.4%

HPQ stock opened at $24.69 on Wednesday. The stock’s 50 day moving average is $27.46 and its two-hundred day moving average is $26.54. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The company has a market capitalization of $23.08 billion, a PE ratio of 9.01, a P/E/G ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last released its 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 during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Barclays lowered their price objective 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. Finally, Evercore ISI reissued an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus price target of $28.71.

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.