HP Target of Unusually Large Options Trading (NYSE:HPQ)

HP Inc. (NYSE:HPQ) saw some unusual options trading on Monday. Stock investors purchased 25,543 put options on the company. This is an increase of 61% compared to the typical volume of 15,848 put options.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HPQ. Citigroup cut their price objective on HP from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Bank of America dropped their target price on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Barclays decreased their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.67.

HP Stock Up 1.9%

NYSE HPQ traded up $0.45 on Monday, reaching $24.41. The company had a trading volume of 19,082,016 shares, compared to its average volume of 9,211,346. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 2.23 and a beta of 1.28. HP has a 52 week low of $21.21 and a 52 week high of $39.79. The stock’s 50 day moving average is $26.65 and its 200-day moving average is $26.42.

HP (NYSE:HPQ) last announced its quarterly 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 company 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 firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, analysts forecast that HP will post 3.56 EPS for the current year.

Insider Activity

In other HP news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This represents a 99.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction 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 trade represents a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HP

Several hedge funds have recently made changes to their positions in HPQ. CIBC Private Wealth Group LLC boosted its holdings in HP by 0.9% during the third quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after purchasing an additional 470 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of HP during the 3rd quarter worth about $3,529,000. Achmea Investment Management B.V. grew its holdings in shares of HP by 4.4% in the 3rd quarter. Achmea Investment Management B.V. now owns 799,355 shares of the computer maker’s stock valued at $21,767,000 after acquiring an additional 33,960 shares in the last quarter. First Affirmative Financial Network acquired a new stake in shares of HP in the third quarter valued at about $230,000. Finally, Caerus Investment Advisors LLC bought a new stake in HP during the third quarter worth about $377,000. 77.53% of the stock is owned by institutional investors.

HP Company 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.