Tidal Investments LLC Sells 27,557 Shares of HP Inc. $HPQ

Tidal Investments LLC reduced its stake in shares of HP Inc. (NYSE:HPQ) by 13.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,934 shares of the computer maker’s stock after selling 27,557 shares during the quarter. Tidal Investments LLC’s holdings in HP were worth $3,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of HP during the 2nd quarter valued at about $2,357,757,000. California State Teachers Retirement System raised its stake in HP by 2,151.8% in the second quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker’s stock worth $780,272,000 after buying an additional 33,984,527 shares in the last quarter. Geode Capital Management LLC raised its stake in HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after buying an additional 274,033 shares in the last quarter. Primecap Management Co. CA purchased a new stake in HP in the second quarter worth about $545,984,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in HP by 12.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,427,979 shares of the computer maker’s stock worth $210,055,000 after buying an additional 1,049,256 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research analyst reports. Zacks Research upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 7th. Barclays raised their target price on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Bank of America restated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. The Goldman Sachs Group upped their price target on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Finally, Citigroup raised their price objective on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.77.

HP Stock Performance

Shares of NYSE HPQ opened at $34.08 on Tuesday. The company has a 50 day simple moving average of $28.52 and a two-hundred day simple moving average of $23.83. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $36.22. The company has a market capitalization of $30.73 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.84 and a beta of 1.18.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping 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 firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Activity at HP

In other news, insider David McQuarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,096 shares of company stock valued at $1,218,890 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

HP Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.