HP Inc. $HPQ Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its stake in shares of HP Inc. (NYSE:HPQ) by 80.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,145 shares of the computer maker’s stock after selling 81,822 shares during the period. Employees Retirement System of Texas’ holdings in HP were worth $449,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HPQ. Baird Financial Group Inc. increased its holdings in shares of HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after buying an additional 551 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in HP by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after acquiring an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of HP during the 2nd quarter worth $233,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of HPQ stock opened at $25.55 on Thursday. The firm’s 50 day moving average price is $20.29 and its 200-day moving average price is $21.11. HP Inc. has a one year low of $17.56 and a one year high of $29.55. The firm has a market cap of $23.37 billion, a P/E ratio of 9.68, a P/E/G ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ) last posted its earnings results 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. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. 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, research analysts predict that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.7%. HP’s dividend payout ratio is presently 45.45%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Wells Fargo & Company decreased their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Evercore set a $22.00 price target on shares of HP in a research note on Thursday, February 19th. Morgan Stanley lifted their price target on shares of HP from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, May 21st. Finally, UBS Group lowered their price objective on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $21.67.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat second-quarter estimates on both revenue and profit, which is supporting the stock. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said AI PC demand and the Windows 11 upgrade cycle boosted sales, suggesting underlying demand is improving. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: HP also raised/updated full-year and Q3 EPS guidance modestly versus consensus, which helps offset some of the uncertainty around the outlook. HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from a prior $2.47-$2.77 range, signaling margin or cost pressure ahead. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue

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.