Rakuten Investment Management Inc. Purchases Shares of 26,269 HP Inc. $HPQ

Rakuten Investment Management Inc. acquired a new position in HP Inc. (NYSE:HPQ) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,269 shares of the computer maker’s stock, valued at approximately $715,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in HP by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock worth $3,095,078,000 after purchasing an additional 2,395,056 shares in the last quarter. Dodge & Cox grew its stake in HP by 4.6% during the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after buying an additional 1,537,945 shares during the period. Geode Capital Management LLC increased its position in shares of HP by 1.6% in the second quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock worth $638,720,000 after acquiring an additional 424,544 shares in the last quarter. Invesco Ltd. raised its stake in shares of HP by 15.9% in the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after acquiring an additional 1,806,246 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of HP by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 8,066,521 shares of the computer maker’s stock valued at $197,307,000 after acquiring an additional 46,778 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Enrique Lores sold 41,922 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following the sale, the chief executive officer owned 141,456 shares in the company, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is currently owned by corporate insiders.

HP Stock Down 2.1%

Shares of NYSE HPQ opened at $19.42 on Friday. HP Inc. has a fifty-two week low of $19.20 and a fifty-two week high of $35.28. The business has a 50 day moving average price of $22.95 and a two-hundred day moving average price of $25.45. The firm has a market cap of $17.82 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 3.65 and a beta of 1.21.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. On average, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, December 11th. This is an increase from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is presently 45.28%.

Analyst Ratings Changes

Several analysts recently issued reports on HPQ shares. JPMorgan Chase & Co. lowered their price target on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Barclays reissued an “underweight” rating and set a $18.00 price target (down from $24.00) on shares of HP in a research report on Friday, January 16th. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, Evercore ISI reduced their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.77.

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.