HP Inc. $HPQ Position Lessened by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in shares of HP Inc. (NYSE:HPQ) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,065 shares of the computer maker’s stock after selling 790 shares during the period. Parallel Advisors LLC’s holdings in HP were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HPQ. Lazard Asset Management LLC grew its position in shares of HP by 98.2% in the fourth quarter. Lazard Asset Management LLC now owns 3,251 shares of the computer maker’s stock valued at $106,000 after purchasing an additional 1,611 shares during the last quarter. State of Wyoming grew its position in HP by 30.1% during the fourth quarter. State of Wyoming now owns 5,682 shares of the computer maker’s stock worth $185,000 after buying an additional 1,314 shares in the last quarter. Waverly Advisors LLC grew its position in HP by 32.4% during the fourth quarter. Waverly Advisors LLC now owns 11,198 shares of the computer maker’s stock worth $365,000 after buying an additional 2,743 shares in the last quarter. Vise Technologies Inc. grew its position in HP by 92.6% during the fourth quarter. Vise Technologies Inc. now owns 15,562 shares of the computer maker’s stock worth $508,000 after buying an additional 7,481 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in HP during the fourth quarter worth about $1,693,000. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPQ shares. Morgan Stanley decreased their price objective on HP from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, May 29th. Evercore ISI reiterated an “in-line” rating and issued a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. Dbs Bank cut shares of HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Wells Fargo & Company dropped their price objective on shares of HP from $35.00 to $25.00 and set an “underweight” rating for the company in a research report on Thursday, May 29th. Finally, KGI Securities began coverage on shares of HP in a report on Thursday, May 29th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.38.

HP Stock Performance

Shares of HPQ stock opened at $28.16 on Friday. The firm’s 50-day moving average is $26.74 and its 200-day moving average is $26.33. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.27 and a beta of 1.29. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the prior year, the business earned $0.83 EPS. HP’s quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Sell-side analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP 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.