QRG Capital Management Inc. Buys 26,792 Shares of HP Inc. $HPQ

QRG Capital Management Inc. raised its position in shares of HP Inc. (NYSE:HPQ) by 32.6% in the second quarter, HoldingsChannel reports. The fund owned 108,901 shares of the computer maker’s stock after acquiring an additional 26,792 shares during the period. QRG Capital Management Inc.’s holdings in HP were worth $2,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in HP by 36.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after purchasing an additional 75,895 shares during the period. BayBridge Capital Group LLC bought a new position in HP during the 1st quarter worth $1,505,000. Meritage Portfolio Management lifted its holdings in shares of HP by 37.8% during the first quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker’s stock worth $3,894,000 after buying an additional 38,568 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of HP during the first quarter worth $6,359,000. Finally, Horizon Financial Services LLC boosted its position in shares of HP by 2,669.0% in the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker’s stock valued at $319,000 after acquiring an additional 11,103 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In related news, CEO Enrique Lores sold 34,282 shares of the firm’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 sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

HP Trading Down 0.0%

NYSE HPQ opened at $26.63 on Tuesday. The firm’s 50 day simple moving average is $27.17 and its 200 day simple moving average is $26.15. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 2.15 and a beta of 1.29. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HPQ shares. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. Barclays decreased their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target 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. UBS Group increased their price target on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, HP has an average rating of “Hold” and a consensus price target of $29.38.

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.