Shell Asset Management Co. Increases Holdings in HP Inc. $HPQ

Shell Asset Management Co. raised its position in HP Inc. (NYSE:HPQ) by 49.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,726 shares of the computer maker’s stock after buying an additional 27,205 shares during the period. Shell Asset Management Co.’s holdings in HP were worth $2,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. Nuveen LLC purchased a new position in HP in the 1st quarter valued at about $179,037,000. Invesco Ltd. lifted its position in shares of HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after purchasing an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after purchasing an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of HP during the first quarter worth about $22,377,000. Finally, Acadian Asset Management LLC lifted its position in shares of HP by 745.3% during the first quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock worth $23,908,000 after purchasing an additional 761,494 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of several research reports. UBS Group increased their price objective on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised their price target on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Dbs Bank cut shares of HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus target price of $29.38.

HP Stock Up 2.0%

Shares of HPQ stock opened at $27.09 on Thursday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The company has a market capitalization of $25.32 billion, a P/E ratio of 9.89, a P/E/G ratio of 2.14 and a beta of 1.29. The firm has a 50-day moving average price of $27.23 and a 200 day moving average price of $26.16.

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

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.