Counterpoint Mutual Funds LLC Acquires New Holdings in HP Inc. $HPQ

Counterpoint Mutual Funds LLC bought a new stake in HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 315,607 shares of the computer maker’s stock, valued at approximately $6,924,000.

Other institutional investors have also recently added to or reduced their stakes in the company. DNB Asset Management AS lifted its holdings in shares of 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 purchasing an additional 7,498,202 shares during the period. Norges Bank bought a new position in HP during the 4th quarter worth $149,309,000. Arrowstreet Capital Limited Partnership raised its position in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC lifted its holdings in HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after buying an additional 5,325,260 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of HP by 626.6% in the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after buying an additional 4,267,600 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Morgan Stanley upped their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of HP from $22.00 to $26.00 and gave the stock 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 given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.50.

HP Stock Performance

Shares of HPQ opened at $29.19 on Thursday. The firm has a market cap of $26.69 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 4.90 and a beta of 1.17. HP Inc. has a 52-week low of $17.56 and a 52-week high of $30.87. The business’s 50 day moving average price is $25.11 and its two-hundred day moving average price is $21.90.

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

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 44.28%.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have 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.

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.