320,304 Shares in HP Inc. $HPQ Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 320,304 shares of the computer maker’s stock, valued at approximately $7,027,000.

Several other institutional investors have also modified their holdings of the stock. Burnham & Co LLC acquired a new position in shares of HP during the 2nd quarter worth about $52,000. Heron Bay Capital Management acquired a new stake in HP in the 2nd quarter worth about $1,493,000. Callan Family Office LLC purchased a new stake in HP during the 2nd quarter worth approximately $3,029,000. Allworth Financial LP purchased a new stake in HP during the 2nd quarter worth approximately $1,485,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in shares of HP during the second quarter valued at approximately $1,044,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. The Goldman Sachs Group increased their price objective on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Wells Fargo & Company lifted their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup increased their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $23.50.

HP Stock Up 0.2%

HPQ stock opened at $29.76 on Monday. The business has a fifty day moving average of $25.78 and a two-hundred day moving average of $22.42. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, sell-side analysts anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP’s dividend payout ratio (DPR) is currently 44.28%.

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.