Ieq Capital LLC Buys Shares of 320,304 HP Inc. $HPQ

Ieq Capital LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 320,304 shares of the computer maker’s stock, valued at approximately $7,027,000.

Other hedge funds also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in HP in the fourth quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in shares of HP in the 4th quarter valued at approximately $26,000. Union Savings Bank purchased a new stake in shares of HP in the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in shares of HP in the 4th quarter valued at $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HP in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HPQ shares. Bank of America raised their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Morgan Stanley boosted their price objective on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $23.50.

HP Trading Up 0.2%

Shares of HPQ stock opened at $29.76 on Monday. The company has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. The business’s 50 day moving average is $25.78 and its two-hundred day moving average is $22.42. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, equities analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 44.28%.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of the business’s 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 sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 over the last quarter. 0.18% of the stock is currently owned by insiders.

About HP

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.