HP Inc. $HPQ Shares Acquired by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in HP Inc. (NYSE:HPQ) by 18.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,036 shares of the computer maker’s stock after acquiring an additional 17,016 shares during the quarter. Sigma Planning Corp’s holdings in HP were worth $3,473,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Invested Advisors bought a new stake in HP during the 3rd quarter valued at $372,000. Signaturefd LLC boosted its position in HP by 21.7% during the 3rd quarter. Signaturefd LLC now owns 11,825 shares of the computer maker’s stock worth $370,000 after acquiring an additional 2,112 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of HP by 90.1% in the third quarter. Citizens Financial Group Inc. RI now owns 53,513 shares of the computer maker’s stock worth $1,688,000 after purchasing an additional 25,370 shares in the last quarter. Simplicity Wealth LLC grew its stake in shares of HP by 20.7% in the third quarter. Simplicity Wealth LLC now owns 12,098 shares of the computer maker’s stock worth $378,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Kendall Capital Management increased its holdings in shares of HP by 12.7% during the third quarter. Kendall Capital Management now owns 121,058 shares of the computer maker’s stock valued at $3,787,000 after purchasing an additional 13,635 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Activity

In other news, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the sale, the insider owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. The trade was a 79.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 63,144 shares of company stock worth $1,938,521. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPQ. Royal Bank Of Canada started coverage on HP in a report on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price target on the stock. Morgan Stanley reduced their price objective on shares of HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Weiss Ratings upgraded shares of HP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $32.00 target price on shares of HP in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group raised their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $25.42.

HP Price Performance

Shares of NYSE:HPQ opened at $34.04 on Tuesday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $36.22. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.75 and a beta of 1.17. The stock’s 50 day moving average price is $31.49 and its 200 day moving average price is $24.27.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that HP Inc. will post 3.23 EPS for the current year.

HP Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.