Alberta Investment Management Corp Trims Position in HP Inc. $HPQ

Alberta Investment Management Corp trimmed its holdings in HP Inc. (NYSE:HPQ) by 34.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,100 shares of the computer maker’s stock after selling 50,900 shares during the quarter. Alberta Investment Management Corp’s holdings in HP were worth $2,351,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HPQ. Nuveen LLC purchased a new stake in shares of HP during the 1st quarter worth approximately $179,037,000. Invesco Ltd. lifted its position in HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after purchasing an additional 1,829,411 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of HP by 32.0% in the 2nd quarter. AustralianSuper Pty Ltd now owns 5,684,655 shares of the computer maker’s stock worth $139,047,000 after buying an additional 1,378,570 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of HP by 96.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after buying an additional 1,147,342 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of HP in the 1st quarter worth about $22,377,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the 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 sale, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. This represents 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. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their position. The SEC filing for this sale provides additional information. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Wednesday, October 22nd. Barclays decreased their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, August 28th. UBS Group upped their target price on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Sanford C. Bernstein assumed 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 Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.67.

HP Stock Down 2.0%

Shares of NYSE:HPQ opened at $24.49 on Monday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.23 and a beta of 1.28. The business has a 50-day moving average price of $27.22 and a 200-day moving average price of $26.52.

HP (NYSE:HPQ) last announced its quarterly 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 company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the company posted $0.83 earnings per share. HP’s revenue for the quarter 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 analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

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.