AlphaQuest LLC Boosts Stock Position in HP Inc. $HPQ

AlphaQuest LLC raised its stake in HP Inc. (NYSE:HPQ) by 122.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 45,212 shares of the computer maker’s stock after buying an additional 24,889 shares during the quarter. AlphaQuest LLC’s holdings in HP were worth $1,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd grew its stake in HP by 1.2% in the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock valued at $869,000 after purchasing an additional 363 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after acquiring an additional 369 shares during the last quarter. Fiduciary Financial Group LLC grew its stake in shares of HP by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after acquiring an additional 390 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock worth $561,000 after acquiring an additional 411 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock worth $102,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred 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 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 can be accessed through this link. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research analyst reports. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Barclays dropped their price target on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Evercore ISI restated an “in-line” rating and set a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. UBS Group boosted their price target on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Wednesday. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.71.

HP Stock Down 0.6%

HP stock opened at $27.67 on Friday. 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 $25.87 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The stock has a 50-day moving average price of $27.66 and a 200 day moving average price of $26.28.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Research analysts anticipate 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.