State of Michigan Retirement System Raises Position in HP Inc. $HPQ

State of Michigan Retirement System increased its holdings in HP Inc. (NYSE:HPQ) by 2.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,562 shares of the computer maker’s stock after buying an additional 9,400 shares during the period. State of Michigan Retirement System’s holdings in HP were worth $8,159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Trust Co. NA raised its position in HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock valued at $102,000 after purchasing an additional 433 shares in the last quarter. Principal Financial Group Inc. raised its position in HP by 1.3% during the first quarter. Principal Financial Group Inc. now owns 1,137,381 shares of the computer maker’s stock valued at $31,494,000 after purchasing an additional 14,296 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in HP by 10.8% during the first quarter. OneDigital Investment Advisors LLC now owns 10,068 shares of the computer maker’s stock valued at $279,000 after purchasing an additional 985 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in HP during the first quarter valued at about $67,000. Finally, World Investment Advisors raised its position in HP by 23.0% during the first quarter. World Investment Advisors now owns 10,144 shares of the computer maker’s stock valued at $281,000 after purchasing an additional 1,898 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of NYSE:HPQ opened at $27.04 on Tuesday. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The company has a market cap of $25.28 billion, a PE ratio of 9.87, a P/E/G ratio of 2.23 and a beta of 1.29. The stock’s 50-day moving average is $27.74 and its 200 day moving average is $26.48.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $13.69 billion. During the same quarter in the previous year, the business earned $0.83 EPS. 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. Analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPQ shares. Evercore ISI restated an “in-line” rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. UBS Group raised their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. HSBC set a $30.00 price objective on HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.71.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.38% of the stock is owned by insiders.

About HP

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.