Raiffeisen Bank International AG Increases Stake in HP Inc. $HPQ

Raiffeisen Bank International AG boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 28.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,461 shares of the computer maker’s stock after buying an additional 31,090 shares during the quarter. Raiffeisen Bank International AG’s holdings in HP were worth $3,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. raised its stake in shares of HP by 36.0% in the second quarter. TD Waterhouse Canada Inc. now owns 3,277 shares of the computer maker’s stock valued at $72,000 after acquiring an additional 867 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of HP by 59.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 24,712 shares of the computer maker’s stock valued at $542,000 after buying an additional 9,204 shares during the period. Prosperitas Financial LLC acquired a new position in shares of HP during the second quarter worth about $253,000. NEOS Investment Management LLC grew its position in shares of HP by 3.1% during the second quarter. NEOS Investment Management LLC now owns 151,283 shares of the computer maker’s stock worth $3,319,000 after buying an additional 4,559 shares in the last quarter. Finally, AXQ Capital LP increased its stake in shares of HP by 50.7% during the second quarter. AXQ Capital LP now owns 33,842 shares of the computer maker’s stock worth $742,000 after buying an additional 11,391 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Up 2.3%

HPQ stock opened at $32.66 on Friday. The stock has a market cap of $29.45 billion, a P/E ratio of 12.47, a PEG ratio of 1.66 and a beta of 1.18. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.78. The company’s 50 day moving average is $27.21 and its two-hundred day moving average is $23.19.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. 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, equities research analysts predict that HP Inc. will post 3.23 earnings per share for the current year.

HP Dividend Announcement

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

Insider Activity at HP

In other news, insider David McQuarrie sold 21,048 shares of the business’s 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 of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HPQ. Citigroup lifted their price target 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. Barclays raised their price objective on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Evercore set a $32.00 price objective on shares of HP in a research report on Monday, August 24th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group raised their price target on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $25.17.

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.