Acadian Asset Management LLC Purchases 348,098 Shares of HP Inc. $HPQ

Acadian Asset Management LLC increased its position in HP Inc. (NYSE:HPQ) by 40.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,211,762 shares of the computer maker’s stock after purchasing an additional 348,098 shares during the quarter. Acadian Asset Management LLC owned approximately 0.13% of HP worth $29,635,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new position in shares of HP in the 1st quarter valued at $25,000. Global Trust Asset Management LLC increased its holdings in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in HP in the first quarter valued at about $35,000. Zions Bancorporation National Association UT acquired a new position in HP in the first quarter valued at about $45,000. Finally, Quaker Wealth Management LLC boosted its holdings in HP by 203.9% during the second quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after buying an additional 3,320 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.38% of the company’s stock.

HP Trading Down 3.8%

Shares of HPQ stock opened at $25.28 on Tuesday. The firm’s fifty day moving average price is $27.55 and its two-hundred day moving average price is $26.54. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The firm has a market capitalization of $23.63 billion, a P/E ratio of 9.23, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last released 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. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. 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. As a group, equities research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Sanford C. Bernstein started coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price for the company. 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. UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, Evercore ISI restated an “in-line” rating and issued a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus price target of $28.71.

About HP

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.