Avantax Advisory Services Inc. Boosts Stock Position in HP Inc. $HPQ

Avantax Advisory Services Inc. lifted its stake in shares of HP Inc. (NYSE:HPQ) by 43.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,217 shares of the computer maker’s stock after acquiring an additional 24,860 shares during the quarter. Avantax Advisory Services Inc.’s holdings in HP were worth $2,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. WPG Advisers LLC purchased a new position in HP during the first quarter valued at approximately $25,000. Global Trust Asset Management LLC raised its position in shares of HP by 492.6% during the 2nd 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 period. Zions Bancorporation National Association UT purchased a new position in shares of HP during the 1st quarter valued at $45,000. Quaker Wealth Management LLC lifted its stake in shares of HP by 203.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock valued at $41,000 after buying an additional 3,320 shares in the last quarter. Finally, SouthState Corp bought a new position in HP in the 1st quarter worth $48,000. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HPQ shares. HSBC set a $30.00 price target on HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Bank of America cut their target price on HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Evercore ISI restated an “in-line” rating and issued a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. Finally, Barclays cut their price objective 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.67.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were 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 of the company’s stock, valued at $80.55. This trade 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 is available at this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the company’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 value of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.38% of the company’s stock.

HP Stock Up 6.1%

Shares of HPQ opened at $23.98 on Friday. The business has a fifty day moving average of $26.65 and a 200 day moving average of $26.41. The company has a market cap of $22.41 billion, a PE ratio of 8.75, a P/E/G ratio of 2.23 and a beta of 1.28. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $13.93 billion for 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 business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts anticipate that HP Inc. will post 3.56 earnings per share 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.