HP Inc. $HPQ Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in HP Inc. (NYSE:HPQ) by 25.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,225,118 shares of the computer maker’s stock after acquiring an additional 252,169 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in HP were worth $38,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of HP by 10.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after purchasing an additional 467 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in HP by 0.6% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after purchasing an additional 491 shares in the last quarter. Cullinan Associates Inc. boosted its holdings in HP by 0.3% during the second quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker’s stock worth $4,154,000 after buying an additional 540 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of HP by 2.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 22,488 shares of the computer maker’s stock valued at $703,000 after acquiring an additional 550 shares during the period. Finally, Wilkerson Advisory Group LLC grew its holdings in HP by 35.0% in the first quarter. Wilkerson Advisory Group LLC now owns 2,512 shares of the computer maker’s stock valued at $48,000 after purchasing an additional 651 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other news, insider David McQuarrie sold 31,572 shares of the company’s stock in a transaction on 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 transaction, the insider owned 8,008 shares of the company’s stock, valued at $257,216.96. This represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 73,668 shares of company stock valued at $2,232,982 in the last quarter. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Zacks Research raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th. Royal Bank Of Canada initiated coverage on shares of HP in a research note on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 price target on the stock. UBS Group upped their price objective on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. The Goldman Sachs Group upped their price objective on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Finally, TD Cowen increased their price objective on shares of HP from $26.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $25.42.

HP Trading Up 8.0%

Shares of HPQ opened at $33.82 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The firm has a market capitalization of $30.50 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.63 and a beta of 1.17. The firm has a 50-day moving average price of $31.47 and a 200 day moving average price of $26.37.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. HP’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities research analysts predict that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Company Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.