HP Inc. $HPQ Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of HP Inc. (NYSE:HPQ) by 39.6% during the second quarter, Holdings Channel reports. The institutional investor owned 78,839 shares of the computer maker’s stock after acquiring an additional 22,384 shares during the period. Van ECK Associates Corp’s holdings in HP were worth $1,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HPQ. BlackRock Inc. bought a new stake in HP during the second quarter worth approximately $2,357,757,000. Primecap Management Co. CA acquired a new position in shares of HP during the 2nd quarter valued at $545,984,000. Legal & General Group Plc bought a new stake in shares of HP in the 2nd quarter worth $180,689,000. DNB Asset Management AS lifted its holdings in shares of HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after buying an additional 7,498,202 shares during the period. Finally, Man Group plc acquired a new stake in shares of HP in the second quarter valued at $149,223,000. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. Citigroup lifted their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. UBS Group increased their target price on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Two investment 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. According to MarketBeat, HP has a consensus rating of “Reduce” and a consensus target price of $25.17.

HP Stock Up 2.3%

NYSE:HPQ opened at $32.66 on Friday. The stock has a fifty day simple moving average of $27.21 and a 200 day simple moving average of $23.19. The firm has a market capitalization of $29.45 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.18. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.78.

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. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate 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 predict that HP Inc. will post 3.23 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. HP’s dividend payout ratio (DPR) is currently 45.80%.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,620 shares of company stock worth $1,478,622. 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.