Te Ahumairangi Investment Management Ltd Reduces Holdings in HP Inc. $HPQ

Te Ahumairangi Investment Management Ltd reduced its stake in shares of HP Inc. (NYSE:HPQ) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,402 shares of the computer maker’s stock after selling 30,300 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in HP were worth $4,286,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its position in shares of HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares in the last quarter. Norges Bank acquired a new stake in shares of HP in the 2nd quarter valued at about $91,698,000. Vanguard Group Inc. grew its stake in HP by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after buying an additional 3,122,436 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in HP during the second quarter worth approximately $74,385,000. Finally, First Trust Advisors LP increased its position in HP by 93.9% during the second quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock worth $119,226,000 after buying an additional 2,360,678 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ stock traded down $0.04 during midday trading on Friday, hitting $18.91. The company had a trading volume of 4,016,791 shares, compared to its average volume of 19,484,447. The company’s 50 day simple moving average is $19.61 and its 200 day simple moving average is $23.88. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 5.13 and a beta of 1.18.

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

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. HP’s dividend payout ratio is presently 45.45%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HPQ shares. Citigroup decreased their price objective on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Zacks Research cut shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. The Goldman Sachs Group reduced their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Finally, Argus upgraded shares of HP to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $21.58.

Insider Activity at HP

In other news, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.