Denali Advisors LLC Sells 1,200 Shares of HP Inc. $HPQ

Denali Advisors LLC reduced its position in HP Inc. (NYSE:HPQ) by 5.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 20,162 shares of the computer maker’s stock after selling 1,200 shares during the period. Denali Advisors LLC’s holdings in HP were worth $493,000 at the end of the most recent reporting period.

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

HP Stock Performance

Shares of NYSE HPQ opened at $27.66 on Thursday. The business’s 50 day moving average price is $27.63 and its 200-day moving average price is $26.18. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.27 and a beta of 1.29.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share 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 for the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the business posted $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. Sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. UBS Group upped their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Sanford C. Bernstein initiated coverage on HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. downgraded HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Wednesday. Finally, Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HP presently has a consensus rating of “Hold” and a consensus target price of $28.71.

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.