HP Inc. $HPQ Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its stake in HP Inc. (NYSE:HPQ) by 25.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,204 shares of the computer maker’s stock after selling 19,549 shares during the period. Ritholtz Wealth Management’s holdings in HP were worth $1,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HPQ. GAMMA Investing LLC increased its holdings in shares of HP by 23.1% in the first quarter. GAMMA Investing LLC now owns 15,663 shares of the computer maker’s stock valued at $434,000 after purchasing an additional 2,936 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of HP by 3.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 254,092 shares of the computer maker’s stock valued at $7,036,000 after purchasing an additional 8,910 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of HP by 24.8% in the first quarter. Exchange Traded Concepts LLC now owns 14,760 shares of the computer maker’s stock valued at $409,000 after purchasing an additional 2,935 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of HP by 0.6% in the first quarter. Janney Montgomery Scott LLC now owns 237,181 shares of the computer maker’s stock valued at $6,568,000 after purchasing an additional 1,484 shares during the period. Finally, Clarius Group LLC increased its holdings in shares of HP by 7.0% in the first quarter. Clarius Group LLC now owns 9,451 shares of the computer maker’s stock valued at $262,000 after purchasing an additional 619 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HPQ shares. HSBC set a $30.00 target price on HP and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Evercore ISI restated an “in-line” rating and issued a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. UBS Group lifted their price target on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein began coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.71.

HP Stock Performance

HPQ opened at $27.39 on Friday. The business’s fifty day moving average is $27.54 and its two-hundred day moving average is $26.11. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.19 and a beta of 1.29. HP Inc. has a one year low of $21.21 and a one year high of $39.79.

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