HP Target of Unusually Large Options Trading (NYSE:HPQ)

HP Inc. (NYSE:HPQ) was the recipient of some unusual options trading activity on Monday. Traders acquired 25,543 put options on the company. This is an increase of 61% compared to the average daily volume of 15,848 put options.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Citigroup cut their target price on HP from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Wednesday, October 22nd. Finally, Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. One investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.67.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on 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 transaction, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Anneliese Olson sold 18,154 shares of the company’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 sale, the insider owned 169 shares in the company, valued at $4,711.72. This represents a 99.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HPQ. WPG Advisers LLC purchased a new stake in shares of HP in the 1st quarter worth approximately $25,000. Westfuller Advisors LLC bought a new position in HP in the third quarter worth approximately $28,000. Laurel Wealth Advisors LLC lifted its holdings in HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after buying an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in HP during the second quarter worth $27,000. Finally, Caitlin John LLC bought a new stake in HP during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ opened at $24.41 on Tuesday. The firm has a market capitalization of $22.82 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 2.23 and a beta of 1.28. HP has a 1-year low of $21.21 and a 1-year high of $39.79. The company has a 50-day moving average of $26.58 and a 200 day moving average of $26.41.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period last year, the company posted $0.83 earnings per share. The company’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, equities analysts anticipate that HP will post 3.56 earnings per share for the current fiscal year.

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.