Assetmark Inc. Grows Position in HP Inc. $HPQ

Assetmark Inc. increased its position in HP Inc. (NYSE:HPQ) by 25.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,311 shares of the computer maker’s stock after purchasing an additional 29,129 shares during the quarter. Assetmark Inc.’s holdings in HP were worth $3,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after purchasing an additional 1,829,411 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of HP by 7.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after purchasing an additional 724,020 shares during the period. Deutsche Bank AG lifted its stake in shares of HP by 2.4% in the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock valued at $228,204,000 after purchasing an additional 189,969 shares during the period. Nuveen LLC purchased a new position in shares of HP in the 1st quarter valued at approximately $179,037,000. Finally, AustralianSuper Pty Ltd increased its stake in shares of HP by 32.0% during the second quarter. AustralianSuper Pty Ltd now owns 5,684,655 shares of the computer maker’s stock valued at $139,047,000 after purchasing an additional 1,378,570 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 2.3%

HP stock opened at $27.04 on Tuesday. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 2.23 and a beta of 1.29. The stock has a fifty day simple moving average of $27.74 and a two-hundred day simple moving average of $26.48. HP Inc. has a 12 month low of $21.21 and a 12 month 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 business had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. This trade represents a 99.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HPQ shares. JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Wednesday, October 22nd. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. UBS Group raised their target price on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Sanford C. Bernstein started coverage on shares of HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.71.

HP 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.