Foundations Investment Advisors LLC Boosts Holdings in HP Inc. $HPQ

Foundations Investment Advisors LLC grew its position in shares of HP Inc. (NYSE:HPQ) by 188.7% in the second quarter, Holdings Channel reports. The institutional investor owned 27,481 shares of the computer maker’s stock after buying an additional 17,962 shares during the period. Foundations Investment Advisors LLC’s holdings in HP were worth $672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of HP during the first quarter worth about $25,000. Global Trust Asset Management LLC boosted its holdings in HP by 492.6% in 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 in the last quarter. Zions Bancorporation National Association UT acquired a new position in HP during the 1st quarter worth approximately $45,000. Quaker Wealth Management LLC raised its stake in shares of HP by 203.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after buying an additional 3,320 shares in the last quarter. Finally, SouthState Corp acquired a new stake in shares of HP in the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. UBS Group boosted their target price 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. Barclays lowered their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded 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, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.50.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction 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 sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.38% of the company’s stock.

HP Stock Down 0.7%

NYSE:HPQ opened at $22.72 on Wednesday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a fifty day simple moving average of $26.96 and a 200-day simple moving average of $26.48. The company has a market capitalization of $21.24 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $13.93 billion for 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%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

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.