Howard Capital Management LLC grew its position in shares of HP Inc. (NYSE:HPQ – Free Report) by 33.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,011 shares of the computer maker’s stock after purchasing an additional 67,833 shares during the period. Howard Capital Management LLC’s holdings in HP were worth $8,383,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of HPQ. BlackRock Inc. purchased a new stake in shares of HP in the 2nd quarter valued at $2,357,757,000. Primecap Management Co. CA purchased a new position in HP during the 2nd quarter valued at about $545,984,000. Legal & General Group Plc purchased a new position in HP during the 2nd quarter valued at about $180,689,000. Man Group plc acquired a new position in HP in the 2nd quarter valued at about $149,223,000. Finally, Deutsche Bank AG acquired a new position in HP in the 2nd quarter valued at about $140,172,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at HP
In other news, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the sale, the insider directly owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. The trade was a 79.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 73,668 shares of company stock valued at $2,232,982. 0.18% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
HPQ has been the topic of a number of recent research reports. Bank of America reiterated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $32.00 price objective on shares of HP in a research note on Thursday, August 27th. Barclays lifted their price objective on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, August 28th. TD Cowen upped their target price on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group upped their target price on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $25.42.
View Our Latest Analysis on HP
HP Stock Down 2.4%
NYSE HPQ traded down $0.75 during trading hours on Friday, hitting $30.10. 13,052,878 shares of the company were exchanged, compared to its average volume of 13,958,581. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.60 and a beta of 1.17. The company has a 50 day moving average of $31.33 and a two-hundred day moving average of $25.97. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22.
HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts predict that HP Inc. will post 3.23 EPS for the current year.
HP Company Profile
HP Inc (NYSE: HPQ) is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.
The company’s printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.
HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.
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