HP Inc. $HPQ Shares Sold by Savant Capital LLC

Savant Capital LLC cut its stake in HP Inc. (NYSE:HPQ) by 48.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,239 shares of the computer maker’s stock after selling 42,608 shares during the period. Savant Capital LLC’s holdings in HP were worth $1,131,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in HP by 39.9% in the first quarter. CWM LLC now owns 50,646 shares of the computer maker’s stock valued at $1,402,000 after buying an additional 14,435 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of HP by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock valued at $561,000 after acquiring an additional 411 shares during the last quarter. Edgestream Partners L.P. raised its stake in HP by 13.6% during the first quarter. Edgestream Partners L.P. now owns 80,925 shares of the computer maker’s stock worth $2,241,000 after purchasing an additional 9,669 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in HP in the first quarter valued at $790,000. Finally, Wealthfront Advisers LLC grew its holdings in shares of HP by 19.9% during the 1st quarter. Wealthfront Advisers LLC now owns 55,558 shares of the computer maker’s stock worth $1,538,000 after purchasing an additional 9,221 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on HPQ. Barclays reduced their price target on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Citigroup reduced their price objective on shares of HP from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.67.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 169 shares in the company, valued at $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.38% of the company’s stock.

HP Trading Up 1.8%

HPQ stock opened at $25.18 on Thursday. The firm has a market cap of $23.53 billion, a PE ratio of 9.19, a PEG ratio of 2.23 and a beta of 1.28. The company has a fifty day simple moving average of $27.39 and a 200 day simple moving average of $26.53. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’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. As a group, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

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.