HP Inc. $HPQ Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of HP Inc. (NYSE:HPQ) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,234,201 shares of the computer maker’s stock after buying an additional 188,388 shares during the period. Victory Capital Management Inc.’s holdings in HP were worth $60,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HPQ. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of HP by 7.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,481,211 shares of the computer maker’s stock worth $40,333,000 after buying an additional 101,844 shares during the period. Applied Finance Capital Management LLC lifted its position in HP by 8.4% during the 3rd quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after acquiring an additional 94,494 shares in the last quarter. Maj Invest Holding A S boosted its holdings in HP by 3.8% in the 3rd quarter. Maj Invest Holding A S now owns 5,754,138 shares of the computer maker’s stock worth $156,686,000 after acquiring an additional 210,762 shares during the period. Railway Pension Investments Ltd grew its position in HP by 6.1% in the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock valued at $43,568,000 after acquiring an additional 92,400 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of HP by 34.6% during the third quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock valued at $10,685,000 after purchasing an additional 102,825 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 16,726 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,196.27. This represents a 99.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on HPQ shares. Sanford C. Bernstein restated a “market perform” rating on shares of HP in a research note on Monday, December 1st. TD Cowen lowered their target price on HP from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Citigroup dropped their target price on HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. Finally, Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $21.58.

HP Stock Performance

Shares of HPQ stock opened at $19.45 on Friday. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.37 and a beta of 1.18. HP Inc. has a one year low of $17.56 and a one year high of $30.61. The company’s 50-day simple moving average is $19.91 and its 200-day simple moving average is $24.11.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.HP’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.2%. HP’s dividend payout ratio (DPR) is 45.45%.

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.