HP Inc. $HPQ Stock Holdings Boosted by Vest Financial LLC

Vest Financial LLC lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 27.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 476,437 shares of the computer maker’s stock after acquiring an additional 104,030 shares during the period. Vest Financial LLC owned approximately 0.05% of HP worth $14,903,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of HP by 1.9% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 704,367 shares of the computer maker’s stock valued at $22,033,000 after acquiring an additional 12,920 shares in the last quarter. Carnegie Investment Counsel bought a new stake in HP in the third quarter valued at about $379,000. Pinnacle Associates Ltd. acquired a new position in HP in the third quarter worth about $336,000. Robeco Institutional Asset Management B.V. raised its position in HP by 25.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,225,118 shares of the computer maker’s stock worth $38,322,000 after purchasing an additional 252,169 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its position in HP by 108.6% in the third quarter. Bank Pictet & Cie Europe AG now owns 51,045 shares of the computer maker’s stock worth $1,597,000 after purchasing an additional 26,574 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

HP Stock Up 8.0%

Shares of HP stock opened at $33.82 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The stock has a market capitalization of $30.50 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The company has a 50-day simple moving average of $31.47 and a 200 day simple moving average of $26.37.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities analysts anticipate that HP Inc. will post 3.23 earnings per share for the current year.

Insider Activity

In other news, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the transaction, the insider directly owned 8,008 shares of the company’s stock, valued at $257,216.96. The trade was a 79.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 73,668 shares of company stock valued at $2,232,982 in the last three months. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of analyst reports. Zacks Research upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 7th. Bank of America reiterated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. The Goldman Sachs Group increased their target price on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, Royal Bank Of Canada initiated coverage on HP in a research note on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, HP currently has an average rating of “Reduce” and an average price target of $25.42.

HP Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.