Harbor Capital Advisors Inc. Has $478,000 Stock Position in HP Inc. $HPQ

Harbor Capital Advisors Inc. reduced its stake in shares of HP Inc. (NYSE:HPQ) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,562 shares of the computer maker’s stock after selling 2,054 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in HP were worth $478,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Czech National Bank raised its stake in HP by 7.0% during the 2nd quarter. Czech National Bank now owns 230,430 shares of the computer maker’s stock valued at $5,636,000 after purchasing an additional 15,033 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in HP by 33.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 8,717 shares of the computer maker’s stock valued at $213,000 after buying an additional 2,207 shares during the period. Range Financial Group LLC increased its holdings in HP by 5.9% in the 2nd quarter. Range Financial Group LLC now owns 36,198 shares of the computer maker’s stock valued at $885,000 after buying an additional 2,008 shares during the period. Adams Asset Advisors LLC increased its holdings in HP by 3.7% in the 2nd quarter. Adams Asset Advisors LLC now owns 237,799 shares of the computer maker’s stock valued at $5,817,000 after buying an additional 8,415 shares during the period. Finally, Fiduciary Financial Group LLC increased its holdings in HP by 3.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock valued at $324,000 after buying an additional 390 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of HP from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, May 29th. KGI Securities assumed coverage on shares of HP in a report on Thursday, May 29th. They issued a “neutral” rating on the stock. Dbs Bank lowered shares of HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price target on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Finally, Barclays lowered their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, HP has a consensus rating of “Hold” and a consensus target price of $29.38.

HP Trading Down 0.3%

Shares of NYSE HPQ opened at $28.16 on Friday. The firm has a market capitalization of $26.32 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.27 and a beta of 1.29. The firm’s 50-day moving average is $26.74 and its 200-day moving average is $26.33. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities research analysts anticipate that HP Inc. will post 3.56 earnings per share 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.