American Century Companies Inc. Sells 432,843 Shares of HP Inc. $HPQ

American Century Companies Inc. decreased its position in shares of HP Inc. (NYSE:HPQ) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,876,148 shares of the computer maker’s stock after selling 432,843 shares during the quarter. American Century Companies Inc. owned 0.52% of HP worth $119,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in HP during the 1st quarter valued at $25,000. Global Trust Asset Management LLC boosted its position in shares of HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after buying an additional 1,000 shares during the last quarter. AlphaCore Capital LLC increased its holdings in HP by 143.5% in the 2nd quarter. AlphaCore Capital LLC now owns 1,561 shares of the computer maker’s stock worth $39,000 after buying an additional 920 shares in the last quarter. Quaker Wealth Management LLC raised its position in HP by 203.9% in the 2nd 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. Finally, Zions Bancorporation National Association UT bought a new position in HP during the 1st quarter valued at about $45,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on 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 in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.38% of the company’s stock.

HP Stock Performance

Shares of HPQ stock opened at $24.41 on Tuesday. The stock has a fifty day simple moving average of $26.58 and a two-hundred day simple moving average of $26.41. The firm has a market capitalization of $22.82 billion, a PE ratio of 8.91, a PEG 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 released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of HP from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, JPMorgan Chase & Co. downgraded 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. 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 stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and an average target price of $27.67.

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.