Rakuten Investment Management Inc. Buys New Position in HP Inc. $HPQ

Rakuten Investment Management Inc. acquired a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 149,585 shares of the computer maker’s stock, valued at approximately $3,387,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HPQ. Callan Family Office LLC acquired a new position in HP in the 2nd quarter valued at approximately $3,029,000. PFA Pension Forsikringsaktieselskab purchased a new stake in HP in the 4th quarter worth approximately $31,899,000. BlackRock Inc. acquired a new stake in shares of HP during the 2nd quarter valued at $2,357,757,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after acquiring an additional 103,175 shares during the last quarter. Finally, BNP Paribas raised its holdings in shares of HP by 8,978.0% during the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after acquiring an additional 128,296 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HPQ shares. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Sanford C. Bernstein restated a “market perform” rating and issued a $32.00 price objective on shares of HP in a research note on Thursday. JPMorgan Chase & Co. increased their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, UBS Group lifted their price target on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, HP currently has an average rating of “Reduce” and a consensus target price of $25.17.

HP Price Performance

Shares of HP stock opened at $30.56 on Monday. The firm has a 50 day simple moving average of $26.38 and a 200 day simple moving average of $22.78. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The firm has a market cap of $27.95 billion, a P/E ratio of 11.66, a P/E/G ratio of 3.23 and a beta of 1.17.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that HP Inc. will post 3.25 EPS for the current year.

HP Announces Dividend

The company 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 dividend of $0.30 per share. 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 45.80%.

Insider Transactions at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock valued at $1,478,622 in the last quarter. 0.18% of the stock is owned by company insiders.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

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.