Caitong International Asset Management Co. Ltd Boosts Stock Holdings in HP Inc. $HPQ

Caitong International Asset Management Co. Ltd raised its holdings in shares of HP Inc. (NYSE:HPQ) by 29,983.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,610 shares of the computer maker’s stock after purchasing an additional 3,598 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in HP were worth $88,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in HP during the 1st quarter valued at about $25,000. Global Trust Asset Management LLC increased its position in HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in HP during the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC purchased a new position in HP during the 1st quarter valued at about $39,000. Finally, Golden State Wealth Management LLC increased its position in HP by 165.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Wednesday. UBS Group lifted their price objective on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Sanford C. Bernstein initiated coverage on shares of HP in a research report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. Finally, Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.71.

HP Stock Down 0.6%

HPQ stock opened at $27.67 on Friday. The firm has a 50 day moving average of $27.66 and a 200 day moving average of $26.25. The stock has a market capitalization of $25.87 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ) last released 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 during the quarter, compared to analysts’ expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. 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 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,282 shares of HP 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 directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by company insiders.

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.