HP Inc. $HPQ Stock Sold by Van Strum & Towne Inc.

Van Strum & Towne Inc. trimmed its holdings in HP Inc. (NYSE:HPQ) by 78.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 28,837 shares of the computer maker’s stock after selling 104,666 shares during the quarter. Van Strum & Towne Inc.’s holdings in HP were worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of HP in the second quarter worth approximately $2,357,757,000. State Street Corp boosted its holdings in HP by 1.5% in the second quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock worth $1,174,855,000 after purchasing an additional 757,961 shares during the last quarter. Primecap Management Co. CA bought a new stake in HP in the 2nd quarter worth approximately $545,984,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in HP by 3.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock worth $191,682,000 after purchasing an additional 254,828 shares during the period. Finally, Legal & General Group Plc bought a new stake in HP in the 2nd quarter worth approximately $180,689,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 31,572 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the transaction, the insider directly owned 8,008 shares in the company, valued at approximately $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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total value of $618,542.32. Following the transaction, the insider directly owned 169 shares in the company, valued at approximately $5,502.64. This represents a 99.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HPQ shares. Royal Bank Of Canada started coverage on HP in a report on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price target on the stock. Evercore lifted their price objective on HP from $25.00 to $32.00 in a report on Thursday, October 8th. Zacks Research cut HP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. JPMorgan Chase & Co. increased their target price on HP from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Finally, Weiss Ratings raised HP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, November 3rd. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.30.

HP Trading Up 0.1%

HP stock opened at $29.00 on Friday. The firm has a 50 day moving average of $31.47 and a 200 day moving average of $24.93. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.58 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 issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share 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 firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. HP’s revenue for the quarter was up 12.5% on a year-over-year basis. 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, analysts predict that HP Inc. will post 3.23 EPS for the current year.

HP Company Profile

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.