228,481 Shares in HP Inc. $HPQ Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc acquired a new stake in HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 228,481 shares of the computer maker’s stock, valued at approximately $5,589,000.

A number of other hedge funds have also recently added to or reduced their stakes in HPQ. Plato Investment Management Ltd lifted its holdings in shares of HP by 1.2% during the 1st quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after acquiring an additional 363 shares during the period. Coppell Advisory Solutions LLC raised its position in HP by 4.4% in the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock valued at $223,000 after purchasing an additional 369 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in HP by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after acquiring an additional 390 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of HP by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock valued at $561,000 after buying an additional 411 shares during the last quarter. Finally, TCW Group Inc. increased its position in HP by 3.4% during the 1st quarter. TCW Group Inc. now owns 13,959 shares of the computer maker’s stock valued at $387,000 after purchasing an additional 457 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.0%

NYSE:HPQ opened at $24.97 on Friday. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The company has a 50-day moving average price of $27.31 and a 200-day moving average price of $26.51. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $506,133.52. Following the completion of the sale, the insider owned 169 shares in the company, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPQ. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Citigroup decreased their price objective on shares of HP from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group boosted their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $29.00 price target on shares of HP in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HP has a consensus rating of “Hold” and a consensus price target of $28.67.

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.