HP Inc. $HPQ Stake Lessened by Bessemer Group Inc.

Bessemer Group Inc. cut its stake in HP Inc. (NYSE:HPQ) by 59.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,699 shares of the computer maker’s stock after selling 27,990 shares during the quarter. Bessemer Group Inc.’s holdings in HP were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of HP in the second quarter valued at about $477,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in HP by 13.4% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 31,691 shares of the computer maker’s stock worth $780,000 after purchasing an additional 3,746 shares during the period. Wealthfront Advisers LLC raised its stake in shares of HP by 45.6% in the second quarter. Wealthfront Advisers LLC now owns 80,896 shares of the computer maker’s stock valued at $1,979,000 after acquiring an additional 25,338 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of HP by 3.9% in the second quarter. Linden Thomas Advisory Services LLC now owns 47,212 shares of the computer maker’s stock valued at $1,155,000 after acquiring an additional 1,779 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs increased its holdings in shares of HP by 7.9% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 42,619 shares of the computer maker’s stock valued at $1,042,000 after purchasing an additional 3,124 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on HPQ shares. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Evercore ISI reissued an “in-line” rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. JPMorgan Chase & Co. cut shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, October 22nd. Sanford C. Bernstein assumed coverage on shares of HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. Finally, UBS Group upped their price target on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $28.71.

HP Stock Up 0.7%

HPQ opened at $27.69 on Monday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a fifty day moving average of $27.75 and a 200-day moving average of $26.46. The stock has a market cap of $25.89 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $13.69 billion. During the same period last year, the company posted $0.83 earnings per share. The business’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 anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.