HP (NYSE:HPQ) Receives Underweight Rating from Morgan Stanley

Morgan Stanley reissued their underweight rating on shares of HP (NYSE:HPQ) in a report published on Monday, Marketbeat reports. The firm currently has a $24.00 price target on the computer maker’s stock, down from their previous price target of $26.00.

A number of other analysts also recently issued reports on HPQ. Sanford C. Bernstein started coverage on HP in a research report on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price for the company. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Barclays lowered their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP presently has an average rating of “Hold” and an average price target of $28.50.

HP Stock Performance

Shares of HPQ stock opened at $22.83 on Monday. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 2.23 and a beta of 1.28. HP has a 52 week low of $21.21 and a 52 week high of $39.79. The firm’s 50-day simple moving average is $27.09 and its two-hundred day simple moving average is $26.50.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On HP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd boosted its position in shares of HP by 1.2% during the 1st quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock valued at $869,000 after acquiring an additional 363 shares during the last quarter. Richardson Financial Services Inc. lifted its position in HP by 14.9% during the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after purchasing an additional 367 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in HP by 4.4% in the 1st quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after buying an additional 369 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in HP by 3.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after buying an additional 390 shares in the last quarter. Finally, Auxano Advisors LLC increased its holdings in shares of HP by 4.4% in the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after buying an additional 391 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Company 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.