Metis Global Partners LLC Sells 11,526 Shares of HP Inc. $HPQ

Metis Global Partners LLC lessened its holdings in HP Inc. (NYSE:HPQ) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,970 shares of the computer maker’s stock after selling 11,526 shares during the quarter. Metis Global Partners LLC’s holdings in HP were worth $1,149,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. State of Alaska Department of Revenue grew 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 during the period. Jump Financial LLC bought a new position in shares of HP during the 1st quarter worth approximately $6,359,000. Resona Asset Management Co. Ltd. boosted its stake in HP by 6.1% in the 2nd 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 bought a new stake in HP in the first quarter valued at $627,000. Finally, Maj Invest Holding A S grew its position in 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 valued at $135,591,000 after acquiring an additional 761,622 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 2.4%

Shares of NYSE HPQ opened at $24.69 on Wednesday. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The company has a market cap of $23.08 billion, a PE ratio of 9.01, a P/E/G ratio of 2.23 and a beta of 1.28. The company has a 50-day moving average of $27.46 and a two-hundred day moving average of $26.54.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $26.85, for a total value 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 SEC filing for this sale provides additional information. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. cut shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, October 22nd. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, Evercore ISI reissued an “in-line” rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.