MQS Management LLC Lowers Stake in HP Inc. $HPQ

MQS Management LLC lowered its stake in shares of HP Inc. (NYSE:HPQ) by 20.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,902 shares of the computer maker’s stock after selling 2,284 shares during the period. MQS Management LLC’s holdings in HP were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Plato Investment Management Ltd lifted its holdings in HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after buying an additional 363 shares during the period. Coppell Advisory Solutions LLC increased its position in shares of HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after purchasing an additional 369 shares in the last quarter. Fiduciary Financial Group LLC increased its position in shares of HP by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after purchasing an additional 390 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock worth $561,000 after purchasing an additional 411 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock worth $102,000 after purchasing an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $28.07 on Wednesday. The stock’s fifty day moving average price is $27.71 and its 200 day moving average price is $26.35. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 2.25 and a beta of 1.29.

HP (NYSE:HPQ) last posted 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 company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPQ shares. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. JPMorgan Chase & Co. downgraded HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, October 22nd. UBS Group upped their price target on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. HSBC set a $30.00 price target on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Barclays cut their target price 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, one has issued 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 company has a consensus rating of “Hold” and an average price target of $28.71.

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.