Ethic Inc. Purchases 29,070 Shares of HP Inc. $HPQ

Ethic Inc. lifted its position in HP Inc. (NYSE:HPQ) by 33.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,882 shares of the computer maker’s stock after purchasing an additional 29,070 shares during the quarter. Ethic Inc.’s holdings in HP were worth $3,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its position in shares of HP by 0.7% during the 3rd quarter. Pictet Asset Management Holding SA now owns 401,719 shares of the computer maker’s stock valued at $12,566,000 after acquiring an additional 2,910 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in HP during the third quarter valued at approximately $184,000. Ashton Thomas Private Wealth LLC purchased a new position in HP in the 3rd quarter worth approximately $254,000. Heritage Family Offices LLP purchased a new position in HP in the 3rd quarter worth approximately $31,000. Finally, Allegiance Financial Group Advisory Services LLC purchased a new position in HP in the 3rd quarter worth approximately $212,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ opened at $28.48 on Wednesday. HP Inc. has a one year low of $17.56 and a one year high of $36.22. The firm has a market capitalization of $25.68 billion, a P/E ratio of 10.87, a PEG ratio of 1.54 and a beta of 1.16. The business has a fifty day moving average of $31.57 and a 200 day moving average of $24.84.

HP (NYSE:HPQ) last announced its 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 company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm earned $0.75 EPS. HP’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. Analysts expect that HP Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

HPQ has been the topic of a number of research analyst reports. Loop Capital increased their price target on shares of HP from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, August 28th. Zacks Research downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. KGI Securities raised their target price on shares of HP from $18.00 to $32.00 in a report on Thursday, August 27th. Royal Bank Of Canada started coverage on HP in a research report on Thursday, September 10th. They issued a “sector perform” rating and a $33.00 price objective on the stock. Finally, HSBC boosted their price target on shares of HP from $29.60 to $33.80 and gave the company a “buy” rating in a research report on Monday, August 31st. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.30.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total value of $618,542.32. Following the sale, the insider owned 169 shares of the company’s stock, valued at $5,502.64. The trade was a 99.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider owned 8,008 shares in the company, valued at $257,216.96. This represents a 79.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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 services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers. The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.