CX Institutional Increases Stock Holdings in HP Inc. $HPQ

CX Institutional increased its stake in shares of HP Inc. (NYSE:HPQ) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 410,288 shares of the computer maker’s stock after purchasing an additional 27,511 shares during the quarter. CX Institutional’s holdings in HP were worth $9,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. DNB Asset Management AS boosted its stake 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 during the period. Norges Bank purchased a new stake in shares of HP in the fourth quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after acquiring an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after acquiring an additional 5,325,260 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of HP by 626.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after purchasing an additional 4,267,600 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

HP stock opened at $27.15 on Tuesday. The company has a market capitalization of $24.83 billion, a PE ratio of 10.02, a P/E/G ratio of 4.60 and a beta of 1.19. The company has a 50 day moving average price of $24.72 and a 200-day moving average price of $21.45. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. HP’s dividend payout ratio (DPR) is currently 44.28%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Wells Fargo & Company raised their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $23.33.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $27.98, for a total value of $294,461.52. Following the completion of the sale, the insider directly owned 81,676 shares in the company, valued at $2,285,294.48. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

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.