Maridea Wealth Management LLC Makes New Investment in HP Inc. $HPQ

Maridea Wealth Management LLC bought a new position in HP Inc. (NYSE:HPQ) in the 2nd quarter, Holdings Channel reports. The firm bought 14,483 shares of the computer maker’s stock, valued at approximately $354,000.

Several other hedge funds have also made changes to their positions in HPQ. Nuveen LLC purchased a new stake in shares of HP in the 1st quarter worth $179,037,000. Invesco Ltd. lifted its stake in shares of HP by 19.2% during the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after purchasing an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of HP by 96.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after purchasing an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of HP during the 1st quarter worth $22,377,000. Finally, Acadian Asset Management LLC lifted its stake in shares of HP by 745.3% during the 1st quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock worth $23,908,000 after purchasing an additional 761,494 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HPQ shares. Sanford C. Bernstein started coverage on HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective for the company. TD Cowen decreased their price objective on HP from $38.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Dbs Bank cut HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.38.

HP Stock Down 2.4%

Shares of NYSE:HPQ opened at $26.83 on Friday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a market cap of $25.08 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 2.21 and a beta of 1.29. The business has a 50-day moving average price of $26.99 and a 200-day moving average price of $26.27.

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

HP 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.