Sigma Planning Corp Purchases 17,016 Shares of HP Inc. $HPQ

Sigma Planning Corp grew its position in HP Inc. (NYSE:HPQ) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,036 shares of the computer maker’s stock after acquiring an additional 17,016 shares during the quarter. Sigma Planning Corp’s holdings in HP were worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of HP during the second quarter worth $2,357,757,000. State Street Corp boosted its holdings in shares of HP by 1.5% in the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock valued at $1,174,855,000 after buying an additional 757,961 shares during the period. Primecap Management Co. CA acquired a new position in shares of HP in the 2nd quarter valued at about $545,984,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HP by 3.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after buying an additional 254,828 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of HP during the 2nd quarter valued at about $180,689,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HPQ shares. The Goldman Sachs Group increased their price objective on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Evercore set a $32.00 target price on shares of HP in a report on Monday, August 24th. Sanford C. Bernstein restated a “market perform” rating and issued a $32.00 target price on shares of HP in a research note on Thursday, August 27th. Royal Bank Of Canada assumed coverage on HP in a report on Thursday, September 10th. They set a “sector perform” rating and a $33.00 target price for the company. Finally, Weiss Ratings upgraded HP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $25.42.

HP Price Performance

Shares of NYSE HPQ opened at $34.04 on Tuesday. The firm has a market capitalization of $30.70 billion, a PE ratio of 9.81, a P/E/G ratio of 1.75 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $36.22. The business’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $24.27.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $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. Equities research analysts expect that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 63,144 shares of company stock valued at $1,938,521. Company insiders own 0.18% of the company’s stock.

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.