HP Inc. $HPQ Stock Sold by RWC Asset Management LLP

RWC Asset Management LLP lowered its holdings in shares of HP Inc. (NYSE:HPQ) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,361,266 shares of the computer maker’s stock after selling 110,114 shares during the period. HP makes up 7.4% of RWC Asset Management LLP’s investment portfolio, making the stock its 2nd largest holding. RWC Asset Management LLP owned about 0.71% of HP worth $198,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. Capital Investment Advisors LLC boosted its holdings in HP by 21.5% in the third quarter. Capital Investment Advisors LLC now owns 11,285 shares of the computer maker’s stock worth $353,000 after acquiring an additional 1,994 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of HP by 21.2% during the third quarter. Sterling Capital Management LLC now owns 33,855 shares of the computer maker’s stock valued at $1,059,000 after acquiring an additional 5,928 shares in the last quarter. XXI Wealth LLC increased its holdings in shares of HP by 37.6% during the third quarter. XXI Wealth LLC now owns 28,725 shares of the computer maker’s stock valued at $899,000 after acquiring an additional 7,856 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of HP by 1.4% during the third quarter. Yousif Capital Management LLC now owns 118,353 shares of the computer maker’s stock valued at $3,702,000 after acquiring an additional 1,596 shares in the last quarter. Finally, Seven Mile Advisory purchased a new position in shares of HP in the 3rd quarter worth about $240,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. UBS Group raised their price objective on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $32.00 target price on shares of HP in a report on Thursday, August 27th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Finally, Barclays increased their price target on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $25.42.

Insider Buying and Selling

In other HP news, insider David McQuarrie sold 31,572 shares of HP stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 73,668 shares of company stock valued at $2,232,982. Insiders own 0.18% of the company’s stock.

HP Trading Down 0.3%

NYSE:HPQ traded down $0.10 during mid-day trading on Friday, reaching $33.66. The company’s stock had a trading volume of 12,123,277 shares, compared to its average volume of 11,895,478. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The firm’s fifty day moving average price is $31.54 and its two-hundred day moving average price is $26.42. The stock has a market cap of $30.35 billion, a P/E ratio of 12.85, a PEG ratio of 1.75 and a beta of 1.17.

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

About HP

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.