HP Inc. $HPQ Shares Sold by Harbor Island Capital LLC

Harbor Island Capital LLC cut its holdings in HP Inc. (NYSE:HPQ) by 14.6% in the third quarter, Holdings Channel reports. The institutional investor owned 252,346 shares of the computer maker’s stock after selling 43,060 shares during the quarter. HP accounts for 2.0% of Harbor Island Capital LLC’s holdings, making the stock its 14th largest holding. Harbor Island Capital LLC’s holdings in HP were worth $7,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HPQ. Callan Family Office LLC acquired a new position in HP during the second quarter worth $3,029,000. BlackRock Inc. acquired a new stake in shares of HP in the second quarter valued at about $2,357,757,000. Caxton Associates LLP grew its position in shares of HP by 625.6% in the first quarter. Caxton Associates LLP now owns 172,893 shares of the computer maker’s stock valued at $3,321,000 after purchasing an additional 149,067 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of HP during the first quarter worth about $2,070,000. Finally, Vest Financial LLC increased its stake in shares of HP by 51.6% during the second quarter. Vest Financial LLC now owns 372,407 shares of the computer maker’s stock worth $8,171,000 after purchasing an additional 126,811 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 31,572 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the sale, the insider owned 8,008 shares in the company, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 73,668 shares of company stock worth $2,232,982. 0.18% of the stock is currently owned by corporate insiders.

HP Stock Down 0.3%

HP stock opened at $33.66 on Friday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.75 and a beta of 1.17. The company has a fifty day simple moving average of $31.54 and a 200-day simple moving average of $26.42.

HP (NYSE:HPQ) last issued its 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 business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior 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, research analysts anticipate that HP Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America restated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $32.00 price objective on shares of HP in a report on Thursday, August 27th. Royal Bank Of Canada assumed coverage on HP in a research note on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price objective for the company. Finally, Evercore set a $32.00 target price on HP in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price 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.