North Dakota State Investment Board Takes $721,000 Position in HP Inc. $HPQ

North Dakota State Investment Board bought a new stake in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 32,350 shares of the computer maker’s stock, valued at approximately $721,000.

Other institutional investors have also made changes to their positions in the company. Westfuller Advisors LLC acquired a new stake in shares of HP during the 3rd quarter valued at about $28,000. Caitlin John LLC acquired a new stake in shares of HP during the 3rd quarter valued at about $30,000. Garner Asset Management Corp acquired a new stake in shares of HP during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HP during the 4th quarter valued at about $26,000. Finally, Sound Income Strategies LLC boosted its position in shares of HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after acquiring an additional 646 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on HPQ shares. Wells Fargo & Company decreased their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. The Goldman Sachs Group decreased their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Citigroup decreased their target price on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Finally, Barclays decreased their target price on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $21.58.

HP Trading Up 0.4%

NYSE HPQ opened at $21.04 on Thursday. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 5.82 and a beta of 1.09. The company has a 50 day moving average of $19.72 and a 200-day moving average of $21.19. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. The company had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, analysts forecast that HP Inc. will post 2.84 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 5.7%. HP’s dividend payout ratio (DPR) is presently 45.45%.

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.