HP (NYSE:HPQ) CEO Enrique Lores Sells 34,282 Shares

HP Inc. (NYSE:HPQ) CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link.

HP Stock Up 0.5%

NYSE:HPQ opened at $26.62 on Friday. The firm has a market cap of $24.88 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The company’s 50-day moving average price is $27.15 and its two-hundred day moving average price is $26.20.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HPQ. WPG Advisers LLC bought a new stake in shares of HP during the first quarter worth approximately $25,000. Laurel Wealth Advisors LLC grew its holdings in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of HP during the 2nd quarter valued at $27,000. Global Trust Asset Management LLC lifted its stake in shares of HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares during the period. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HPQ shares. Dbs Bank cut HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. upped their price target on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. UBS Group raised their price objective 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. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Evercore ISI reissued an “in-line” rating and set a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.38.

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.