Plato Investment Management Ltd Buys Shares of 31,177 HP Inc. $HPQ

Plato Investment Management Ltd purchased a new position in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,177 shares of the computer maker’s stock, valued at approximately $680,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after buying an additional 157,464 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in HP in the 4th quarter valued at approximately $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 in the last quarter. Finally, BNP Paribas grew its stake in shares of HP by 8,978.0% in 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. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPQ. TD Cowen increased their price objective on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Citigroup boosted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the stock 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.50.

HP Stock Up 2.2%

Shares of HP stock opened at $30.05 on Wednesday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19. The firm’s 50 day moving average is $25.49 and its two-hundred day moving average is $22.20. The firm has a market capitalization of $27.48 billion, a P/E ratio of 11.09, a P/E/G ratio of 5.08 and a beta of 1.17.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. 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 expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

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

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider owned 39,580 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.