43,830 HP Inc. $HPQ Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in HP Inc. (NYSE:HPQ) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 529,935 shares of the computer maker’s stock after selling 43,830 shares during the quarter. ProShare Advisors LLC’s holdings in HP were worth $16,576,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cidel Asset Management Inc. boosted its position in shares of HP by 4.2% in the third quarter. Cidel Asset Management Inc. now owns 26,569 shares of the computer maker’s stock valued at $831,000 after acquiring an additional 1,068 shares during the period. MGO One Seven LLC acquired a new stake in HP during the 3rd quarter valued at $629,000. Americana Partners LLC raised its holdings in shares of HP by 0.7% in the third quarter. Americana Partners LLC now owns 239,105 shares of the computer maker’s stock valued at $7,479,000 after buying an additional 1,632 shares during the last quarter. Aprio Wealth Management LLC raised its stake in shares of HP by 39.6% in the third quarter. Aprio Wealth Management LLC now owns 18,898 shares of the computer maker’s stock worth $591,000 after acquiring an additional 5,359 shares during the last quarter. Finally, Avestar Capital LLC bought a new position in HP in the 3rd quarter worth approximately $573,000. 77.53% of the stock is currently owned by institutional investors.

HP Trading Down 1.5%

Shares of HPQ opened at $28.34 on Tuesday. The stock has a market cap of $25.56 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. HP Inc. has a 1 year low of $17.56 and a 1 year high of $36.22. The stock’s 50-day moving average price is $31.70 and its two-hundred day moving average price is $24.58.

HP (NYSE:HPQ) last announced 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. The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. HP’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. 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, equities analysts forecast that HP Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 18,997 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total value of $618,542.32. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at approximately $5,502.64. This represents a 99.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 71,617 shares of company stock valued at $2,263,654. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

HPQ has been the subject of a number of research reports. Weiss Ratings upgraded HP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Royal Bank Of Canada assumed coverage on shares of HP in a research note on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of HP from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. KGI Securities boosted their price target on shares of HP from $18.00 to $32.00 in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $32.00 price objective (up from $27.00) on shares of HP in a research note on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $26.30.

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.