Intech Investment Management LLC Reduces Holdings in HP Inc. $HPQ

Intech Investment Management LLC lowered its position in HP Inc. (NYSE:HPQ) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,694 shares of the computer maker’s stock after selling 12,944 shares during the period. Intech Investment Management LLC’s holdings in HP were worth $2,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HPQ. Invesco Ltd. grew its stake in HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after acquiring an additional 1,829,411 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in HP by 7.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock worth $277,265,000 after acquiring an additional 724,020 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of HP by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker’s stock valued at $303,105,000 after buying an additional 707,742 shares during the period. Deutsche Bank AG grew its stake in shares of HP by 2.4% during the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock valued at $228,204,000 after buying an additional 189,969 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of HP during the 1st quarter valued at $179,037,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HPQ. Bank of America decreased their price target on shares of HP from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Citigroup cut their target price on shares of HP from $29.00 to $27.50 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. KGI Securities began coverage on shares of HP in a research report on Thursday, May 29th. They issued a “neutral” rating for the company. Finally, UBS Group increased their price objective on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $29.38.

HP Trading Down 0.1%

NYSE:HPQ opened at $27.71 on Wednesday. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The firm’s fifty day simple moving average is $26.59 and its 200 day simple moving average is $26.34. The firm has a market capitalization of $25.90 billion, a PE ratio of 10.11, a PEG ratio of 2.24 and a beta of 1.29.

HP (NYSE:HPQ) last posted its 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. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

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.