Teacher Retirement System of Texas Acquires 13,376 Shares of HP Inc. $HPQ

Teacher Retirement System of Texas increased its holdings in shares of HP Inc. (NYSE:HPQ) by 1.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 906,387 shares of the computer maker’s stock after purchasing an additional 13,376 shares during the period. Teacher Retirement System of Texas owned 0.10% of HP worth $22,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPQ. Nuveen LLC bought a new position in shares of HP during the first quarter valued at approximately $179,037,000. Invesco Ltd. boosted its stake 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 valued at $314,022,000 after purchasing an additional 1,829,411 shares in the last quarter. Ameriprise Financial Inc. boosted its stake 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 valued at $64,642,000 after purchasing an additional 1,147,342 shares in the last quarter. Banque Transatlantique SA purchased a new stake in HP during the first quarter valued at approximately $22,377,000. Finally, Maj Invest Holding A S lifted its position in HP by 15.9% during the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock valued at $135,591,000 after acquiring an additional 761,622 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 0.8%

NYSE HPQ opened at $27.87 on Tuesday. The company has a fifty day simple moving average of $27.68 and a two-hundred day simple moving average of $26.32. The stock has a market cap of $26.05 billion, a P/E ratio of 10.17, a P/E/G ratio of 2.22 and a beta of 1.29. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

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

Insider Activity

In related news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of analyst reports. Barclays decreased their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. HSBC set a $30.00 target price on shares of HP and gave the company a “buy” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Sanford C. Bernstein initiated coverage on shares of HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. Finally, Evercore ISI reissued an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, HP has an average rating of “Hold” and an average target price 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.