Pines Wealth Management LLC Invests $225,000 in HP Inc. $HPQ

Pines Wealth Management LLC bought a new position in HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,657 shares of the computer maker’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nuveen LLC bought a new position in HP in the 1st quarter valued at approximately $179,037,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in HP in the 4th quarter valued at approximately $63,612,000. Invesco Ltd. raised its holdings in HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after buying an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in HP by 96.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock valued at $64,642,000 after buying an additional 1,147,342 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in HP in the 1st quarter valued at approximately $22,377,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 0.6%

NYSE HPQ opened at $27.90 on Thursday. The company has a fifty day simple moving average of $26.64 and a 200 day simple moving average of $26.35. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The company has a market cap of $26.08 billion, a P/E ratio of 10.18, a PEG ratio of 2.23 and a beta of 1.29.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the firm posted $0.83 EPS. HP’s 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. Sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

Analyst Ratings Changes

HPQ has been the subject of a number of research reports. Bank of America dropped their price objective on shares of HP from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. TD Cowen dropped their price objective on shares of HP from $38.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, May 29th. Citigroup dropped their price objective on shares of HP from $29.00 to $27.50 and set a “neutral” rating for the company in a report on Thursday, May 29th. Barclays dropped their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Finally, Morgan Stanley decreased their target price on shares of HP from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.38.

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.