Apollon Wealth Management LLC Has $358,000 Holdings in HP Inc. $HPQ

Apollon Wealth Management LLC lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,650 shares of the computer maker’s stock after selling 3,748 shares during the quarter. Apollon Wealth Management LLC’s holdings in HP were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. WPG Advisers LLC acquired a new position in shares of HP in the first quarter valued at $25,000. Global Trust Asset Management LLC boosted its holdings in shares of HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after buying an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in HP during the first quarter worth approximately $35,000. Iron Horse Wealth Management LLC acquired a new stake in HP during the first quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC lifted its position in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock worth $42,000 after acquiring an additional 947 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on HPQ shares. UBS Group upped their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. HSBC set a $30.00 target price on shares of HP and gave the stock a “buy” rating in a report on Tuesday. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Finally, Barclays reduced their price target on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $28.71.

HP Stock Up 0.7%

Shares of HPQ opened at $27.39 on Friday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The business has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $26.11. The stock has a market cap of $25.60 billion, a PE ratio of 10.00, a PEG ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ) last released 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 firm 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 earned $0.83 earnings per share. The company’s revenue for the quarter 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 research analysts expect that HP Inc. will post 3.56 EPS for the current year.

About HP

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.