Ballentine Partners LLC Sells 15,147 Shares of HP Inc. $HPQ

Ballentine Partners LLC trimmed its position in HP Inc. (NYSE:HPQ) by 22.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,456 shares of the computer maker’s stock after selling 15,147 shares during the period. Ballentine Partners LLC’s holdings in HP were worth $1,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd boosted its holdings in shares of HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after acquiring an additional 363 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in shares of HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after acquiring an additional 369 shares during the period. Fiduciary Financial Group LLC boosted its holdings in shares of HP by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after acquiring an additional 390 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock worth $561,000 after acquiring an additional 411 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock worth $102,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target for the company. JPMorgan Chase & Co. boosted their price target on HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Wells Fargo & Company cut their price target on HP from $35.00 to $25.00 and set an “underweight” rating for the company in a research note on Thursday, May 29th. Morgan Stanley cut their price target on HP from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, May 29th. Finally, Citigroup cut their price target on HP from $29.00 to $27.50 and set a “neutral” rating for the company in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.38.

HP Stock Performance

Shares of NYSE:HPQ opened at $26.83 on Friday. The company has a fifty day moving average of $26.99 and a 200-day moving average of $26.27. The company has a market capitalization of $25.08 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities analysts forecast that HP Inc. will post 3.56 EPS 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.