31,244 Shares in HP Inc. $HPQ Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new position in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,244 shares of the computer maker’s stock, valued at approximately $685,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of HP in the second quarter worth $2,357,757,000. Primecap Management Co. CA acquired a new position in HP in the 2nd quarter valued at $545,984,000. Legal & General Group Plc acquired a new position in HP in the 2nd quarter valued at $180,689,000. DNB Asset Management AS raised its holdings in HP by 242.2% in the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after acquiring an additional 7,498,202 shares during the period. Finally, Man Group plc bought a new position in HP in the 2nd quarter worth $149,223,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HPQ. The Goldman Sachs Group upped their price target on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Evercore set a $32.00 price objective on HP in a research note on Monday. Bank of America reissued an “underperform” rating on shares of HP in a research report on Thursday. TD Cowen raised their target price on HP from $26.00 to $30.00 and gave the company a “hold” rating in a report on Thursday. Finally, Morgan Stanley dropped 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $24.83.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: Results exceeded expectations: Fiscal Q3 non-GAAP EPS was $0.83 on revenue of $15.7 billion, versus estimates of approximately $0.66–$0.75 EPS and $14.4 billion in revenue. Revenue increased 12.5% year over year, led by an 18% increase in Personal Systems revenue. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Outlook was raised: HP increased its fiscal 2026 EPS and free-cash-flow guidance. Fourth-quarter adjusted EPS guidance of $0.69–$0.79 also exceeded the consensus estimate of $0.67, with price increases, premium and AI-enabled PCs, and expected tariff refunds helping offset higher component costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Positive Sentiment: Shareholder returns remained supportive: HP generated $1.6 billion in free cash flow and returned roughly $574 million through dividends and share repurchases. Analysts also raised some forecasts following the earnings report. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Neutral Sentiment: AI PCs are a potential growth driver: Management highlighted premium product mix and AI-PC demand as part of a possible margin recovery into fiscal 2027, but investors remain divided on how quickly these trends can translate into sustainable profitability.
• Negative Sentiment: Margins and earnings quality raised concerns: Non-GAAP operating margin fell to 6.5% from 7.1% a year earlier, while GAAP net income declined 13% and GAAP EPS fell to $0.71. Memory-chip inflation and other costs are pressuring profitability, and the quarter’s non-GAAP EPS benefited by $0.11 from tariff refunds. HP falls amid concerns over margins and PC unit shipments decline
• Negative Sentiment: Demand trends were mixed: Higher pricing helped lift revenue despite fewer PC shipments, while Printing revenue declined 2%. Following an almost 50% recent rally, investors appear to have demanded stronger evidence that growth and margin recovery can continue. HP: Double Earnings Beat, Raised Guidance, But Near 50% Rally Keeps Me Cautious

Insider Transactions at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 52,620 shares of company stock valued at $1,478,622. Insiders own 0.18% of the company’s stock.

HP Stock Performance

NYSE HPQ opened at $29.69 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19. The stock has a market cap of $27.15 billion, a PE ratio of 11.33, a PEG ratio of 5.05 and a beta of 1.17. The firm has a 50-day simple moving average of $26.24 and a 200 day simple moving average of $22.71.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a negative return on equity of 762.90% and a net margin of 4.14%.The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Research analysts forecast that HP Inc. will post 3.04 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 45.80%.

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.