Envestnet Portfolio Solutions Inc. Lowers Stock Position in HP Inc. $HPQ

Envestnet Portfolio Solutions Inc. lessened its holdings in HP Inc. (NYSE:HPQ) by 19.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 74,259 shares of the computer maker’s stock after selling 17,681 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in HP were worth $1,816,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of HP in the 1st quarter worth approximately $25,000. Global Trust Asset Management LLC lifted its position in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in HP during the first quarter valued at approximately $35,000. Iron Horse Wealth Management LLC purchased a new stake in HP during the first quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC lifted its position in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after acquiring an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

HPQ has been the subject of a number of analyst reports. Evercore ISI reissued an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of HP from $27.00 to $30.00 and gave the company an “overweight” 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 set a “market perform” rating and a $30.00 target price for the company. Finally, Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.71.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the 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 owned 3 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.38% of the company’s stock.

HP Trading Up 0.7%

NYSE HPQ opened at $27.39 on Friday. The company has a fifty day simple moving average of $27.54 and a two-hundred day simple moving average of $26.11. The stock has a market cap of $25.60 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.19 and a beta of 1.29. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The business 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%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

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.