Corient Private Wealth LP Buys Shares of 740,463 HP Inc. $HPQ

Corient Private Wealth LP purchased a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 740,463 shares of the computer maker’s stock, valued at approximately $6,807,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in HP during the 2nd quarter valued at $2,357,757,000. Primecap Management Co. CA acquired a new position in shares of HP during the second quarter valued at about $545,984,000. Legal & General Group Plc bought a new stake in shares of HP in the second quarter valued at about $180,689,000. DNB Asset Management AS grew its position in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares in the last quarter. Finally, Man Group plc acquired a new position in HP in the 2nd quarter valued at approximately $149,223,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In other news, insider David P. 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 transaction of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

HP Stock Up 0.1%

Shares of HP stock opened at $30.56 on Monday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $32.19. The stock has a market capitalization of $27.95 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17. The company has a 50-day simple moving average of $26.38 and a 200 day simple moving average of $22.78.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. 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, equities analysts anticipate that HP Inc. will post 3.25 earnings per share for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 3.9%. HP’s payout ratio is presently 45.80%.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research reports. Barclays boosted their price objective on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday. Evercore set a $32.00 price objective on shares of HP in a research note on Monday, August 24th. Morgan Stanley decreased their target price on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. The Goldman Sachs Group increased their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $32.00 price objective on shares of HP in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $25.17.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.