Curated Wealth Partners LLC Purchases New Position in HP Inc. $HPQ

Curated Wealth Partners LLC purchased a new stake in HP Inc. (NYSE:HPQ) in the third quarter, Holdings Channel reports. The institutional investor purchased 17,429 shares of the computer maker’s stock, valued at approximately $545,000.

Other large investors have also recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new position in shares of HP in the third quarter valued at approximately $469,000. Signal Advisors Wealth LLC bought a new stake in shares of HP in the 3rd quarter valued at about $218,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of HP in the 3rd quarter valued at about $246,000. Krilogy Financial LLC increased its stake in shares of HP by 139.5% in the third quarter. Krilogy Financial LLC now owns 24,341 shares of the computer maker’s stock valued at $727,000 after buying an additional 14,178 shares during the period. Finally, RHS Financial LLC acquired a new stake in shares of HP in the third quarter valued at about $234,000. 77.53% of the stock is currently owned by institutional investors.

HP Price Performance

HPQ opened at $30.10 on Friday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $36.22. The firm has a market capitalization of $27.14 billion, a PE ratio of 8.99, a P/E/G ratio of 1.60 and a beta of 1.17. The company’s 50-day moving average is $31.33 and its 200 day moving average is $25.97.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the firm posted $0.75 EPS. HP’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. As a group, analysts expect that HP Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPQ. UBS Group raised their price objective on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Sanford C. Bernstein restated a “market perform” rating and issued a $32.00 target price on shares of HP in a report on Thursday, August 27th. Zacks Research upgraded HP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Finally, Morgan Stanley lowered their target price on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $25.42.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 31,572 shares of the stock in a transaction dated 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 in the company, valued at approximately $257,216.96. This trade represents a 79.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Corporate insiders own 0.18% of the company’s stock.

HP Profile

HP Inc (NYSE: HPQ) is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.

The company’s printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.