HP Inc. $HPQ Stock Acquired by Ethic Inc.

Ethic Inc. raised its holdings in HP Inc. (NYSE:HPQ) by 33.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,882 shares of the computer maker’s stock after purchasing an additional 29,070 shares during the quarter. Ethic Inc.’s holdings in HP were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. North Point Portfolio Managers Corp OH bought a new stake in HP in the third quarter worth about $28,000. Heritage Family Offices LLP purchased a new position in HP in the third quarter valued at about $31,000. Compass Wealth Management LLC bought a new position in shares of HP during the 3rd quarter valued at approximately $38,000. Ashton Thomas Securities LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $39,000. Finally, Aberdeen Wealth Management LLC bought a new stake in shares of HP in the 2nd quarter worth approximately $29,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In related news, insider Anneliese Olson sold 18,997 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $32.56, for a total transaction of $618,542.32. Following the sale, the insider owned 169 shares of the company’s stock, valued at approximately $5,502.64. This represents a 99.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David P. Mcquarrie sold 31,572 shares of the firm’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 transaction, the insider owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on HPQ. The Goldman Sachs Group upped their price objective on HP from $21.00 to $22.00 and gave the company a “sell” rating in a research note on Monday, August 31st. TD Cowen boosted their target price on HP from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research report on Sunday. Morgan Stanley increased their price target on HP from $17.00 to $19.00 in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $32.00 price objective (up from $27.00) on shares of HP in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.30.

HP Trading Up 0.8%

Shares of HPQ stock opened at $28.48 on Wednesday. The firm’s 50 day moving average is $31.57 and its 200 day moving average is $24.84. The stock has a market capitalization of $25.68 billion, a P/E ratio of 10.87, a PEG ratio of 1.54 and a beta of 1.16. HP Inc. has a 12 month low of $17.56 and a 12 month high of $36.22.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating 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 business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period in the previous year, the business earned $0.75 EPS. HP’s 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. On average, equities analysts predict that HP Inc. will post 3.23 EPS for the current year.

About HP

HP Inc. is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers. The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.