HP Inc. $HPQ Position Boosted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in HP Inc. (NYSE:HPQ) by 54.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154,680 shares of the computer maker’s stock after purchasing an additional 408,830 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in HP were worth $22,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HPQ. Renaissance Technologies LLC lifted its position in HP by 50.1% in the 1st quarter. Renaissance Technologies LLC now owns 7,429,753 shares of the computer maker’s stock worth $142,726,000 after buying an additional 2,481,053 shares in the last quarter. Hilltop Holdings Inc. boosted its stake in shares of HP by 20.9% during the 1st quarter. Hilltop Holdings Inc. now owns 66,656 shares of the computer maker’s stock valued at $1,280,000 after buying an additional 11,503 shares during the period. Morningstar Investment Management LLC grew its holdings in shares of HP by 220.3% during the 1st quarter. Morningstar Investment Management LLC now owns 240,978 shares of the computer maker’s stock valued at $4,629,000 after acquiring an additional 165,740 shares in the last quarter. Caxton Associates LLP increased its stake in shares of HP by 625.6% in the first quarter. Caxton Associates LLP now owns 172,893 shares of the computer maker’s stock worth $3,321,000 after acquiring an additional 149,067 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of HP by 33.2% during the first quarter. Bank of Nova Scotia now owns 2,183,747 shares of the computer maker’s stock worth $41,950,000 after acquiring an additional 543,870 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider owned 92,200 shares in the company, valued at $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by company insiders.

HP Price Performance

NYSE HPQ opened at $25.82 on Monday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The stock’s 50-day moving average is $24.14 and its two-hundred day moving average is $21.20. The firm has a market cap of $23.61 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 4.34 and a beta of 1.19.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion during 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%.The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous 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, equities analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. HP’s dividend payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research reports. Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Citigroup raised their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Bank of America increased their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, HP currently has a consensus rating of “Reduce” and an average target price of $23.33.

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.