Sequoia Financial Advisors LLC Trims Stock Holdings in HP Inc. $HPQ

Sequoia Financial Advisors LLC trimmed its position in HP Inc. (NYSE:HPQ) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 25,768 shares of the computer maker’s stock after selling 523 shares during the period. Sequoia Financial Advisors LLC’s holdings in HP were worth $630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Nuveen LLC purchased a new stake in HP in the first quarter worth $179,037,000. Invesco Ltd. grew its stake in HP by 19.2% in 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 period. Ameriprise Financial Inc. grew its stake in HP by 96.8% in 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 period. Banque Transatlantique SA purchased a new stake in HP in the first quarter worth $22,377,000. Finally, Acadian Asset Management LLC grew its stake in HP by 745.3% in 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 period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Price Performance

HP stock opened at $27.39 on Monday. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The stock has a market capitalization of $25.60 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. The business’s fifty day moving average is $27.54 and its 200 day moving average is $26.12.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same period last year, the firm posted $0.83 earnings per share. HP’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. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Activity at HP

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein assumed coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target on the stock. UBS Group increased their target price on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday. HSBC set a $30.00 target price on HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.71.

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.