Deutsche Bank AG Takes $140.17 Million Position in HP Inc. $HPQ

Deutsche Bank AG bought a new position in shares of HP Inc. (NYSE:HPQ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 6,388,897 shares of the computer maker’s stock, valued at approximately $140,172,000.

Other institutional investors have also made changes to their positions in the company. IHT Wealth Management LLC boosted its position in HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares during the period. Vident Advisory LLC lifted its stake in shares of HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after buying an additional 444 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after buying an additional 467 shares during the period. Vise Technologies Inc. boosted its holdings in shares of HP by 2.4% during the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after buying an additional 477 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its position in HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after acquiring an additional 491 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on HPQ. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley lifted their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their price objective on HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, Barclays lifted their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $23.50.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 52,620 shares of company stock worth $1,478,622 over the last 90 days. 0.18% of the stock is owned by insiders.

HP Trading Up 0.1%

HP stock opened at $29.99 on Thursday. The stock has a 50-day moving average price of $25.59 and a two-hundred day moving average price of $22.28. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The company has a market capitalization of $27.43 billion, a PE ratio of 11.07, a P/E/G ratio of 5.05 and a beta of 1.17.

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

HP Dividend Announcement

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 paid 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 yield of 4.0%. HP’s payout ratio is 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.