HP Inc. $HPQ Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. trimmed its position in HP Inc. (NYSE:HPQ) by 16.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 205,739 shares of the computer maker’s stock after selling 41,684 shares during the period. Cullinan Associates Inc.’s holdings in HP were worth $5,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of HP in the first quarter valued at $179,037,000. Invesco Ltd. raised its position in HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after acquiring an additional 1,829,411 shares in the last quarter. Ameriprise Financial Inc. lifted 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 acquiring an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA acquired a new stake in HP in the 1st quarter valued at about $22,377,000. Finally, Acadian Asset Management LLC boosted its position 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 valued at $23,908,000 after purchasing an additional 761,494 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.

HP Stock Performance

Shares of NYSE:HPQ opened at $26.62 on Monday. The company has a market cap of $24.88 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The firm has a 50 day simple moving average of $27.15 and a 200 day simple moving average of $26.17.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 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 in the prior year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Evercore ISI restated an “in-line” rating and set a $29.00 target price on shares of HP in a report on Wednesday, September 10th. UBS Group raised their target price on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Sanford C. Bernstein assumed coverage on shares of HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. Finally, Barclays reduced their target price 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. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HP presently has an average 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.