Legal & General Group Plc Invests $180.69 Million in HP Inc. $HPQ

Legal & General Group Plc acquired a new stake in HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,235,583 shares of the computer maker’s stock, valued at approximately $180,689,000.

A number of other large investors have also modified their holdings of HPQ. BlackRock Inc. acquired a new stake in shares of HP in the second quarter valued at about $2,357,757,000. DNB Asset Management AS boosted its position 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 acquiring an additional 7,498,202 shares during the last quarter. Norges Bank purchased a new stake in HP during the 4th quarter valued at about $149,309,000. Deutsche Bank AG acquired a new stake in HP in the 2nd quarter valued at about $140,172,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after acquiring an additional 5,449,691 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

HP stock opened at $30.62 on Thursday. The firm has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $22.63. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 4.90 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that HP Inc. will post 3.03 earnings per share for the current fiscal year.

HP Announces Dividend

The firm 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HPQ shares. Wells Fargo & Company boosted their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group lifted their price objective on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Bank of America boosted their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Citigroup upped their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Barclays raised their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HP has an average rating of “Reduce” and a consensus price target of $24.17.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,620 shares of company stock valued at $1,478,622. Corporate insiders own 0.18% of the company’s stock.

HP Company 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.