Parallax Volatility Advisers L.P. Takes $1.03 Million Position in HP Inc. $HPQ

Parallax Volatility Advisers L.P. bought a new position in shares of HP Inc. (NYSE:HPQ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 47,165 shares of the computer maker’s stock, valued at approximately $1,035,000.

Several other institutional investors have also bought and sold shares of the stock. Garner Asset Management Corp bought a new position in shares of HP during the fourth quarter valued at $25,000. SHP Wealth Management acquired a new stake in shares of HP in the 4th quarter valued at $26,000. Union Savings Bank bought a new stake in shares of HP in the 4th quarter worth about $28,000. DV Equities LLC acquired a new stake in shares of HP during the 4th quarter worth about $29,000. Finally, Aberdeen Wealth Management LLC bought a new position in HP during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

Insider Buying and Selling

In other HP news, insider David P. 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 transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock valued at $1,478,622 in the last three months. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective 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. JPMorgan Chase & Co. boosted 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. Morgan Stanley decreased their price target on HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday. Bank of America reaffirmed an “underperform” rating on shares of HP in a report on Thursday. Finally, UBS Group lifted their price objective on HP from $20.00 to $26.00 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 assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $24.17.

HP Price Performance

HPQ opened at $30.62 on Thursday. HP Inc. has a one year low of $17.56 and a one year high of $32.19. The company’s 50 day simple moving average is $26.11 and its 200-day simple moving average is $22.63. The stock has a market capitalization of $28.00 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 4.90 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 for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the company posted $0.75 EPS. HP’s revenue 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. As a group, analysts anticipate that HP Inc. will post 3.03 EPS for the current year.

HP Dividend Announcement

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 given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

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.