Janney Montgomery Scott LLC Decreases Holdings in HP Inc. $HPQ

Janney Montgomery Scott LLC cut its holdings in shares of HP Inc. (NYSE:HPQ) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,716 shares of the computer maker’s stock after selling 47,465 shares during the quarter. Janney Montgomery Scott LLC’s holdings in HP were worth $4,640,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. WPG Advisers LLC purchased a new position in shares of HP in the first quarter worth $25,000. Global Trust Asset Management LLC raised its position in HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after buying an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP during the first quarter valued at approximately $35,000. Iron Horse Wealth Management LLC purchased a new stake in shares of HP during the 1st quarter valued at about $39,000. Finally, Financial Freedom LLC increased its position in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 878 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Down 0.2%

Shares of NYSE:HPQ opened at $26.55 on Wednesday. The company has a market capitalization of $24.81 billion, a PE ratio of 9.69, a PEG ratio of 2.14 and a beta of 1.29. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The business has a 50 day moving average of $27.19 and a two-hundred day moving average of $26.15.

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

Analyst Upgrades and Downgrades

HPQ has been the subject of several analyst reports. Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Evercore ISI restated an “in-line” rating and issued a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. UBS Group raised their price target on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein started coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HP has an average rating of “Hold” and a consensus target price of $29.38.

Insider Activity at HP

In related news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

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.