HP Inc. $HPQ Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its stake in shares of HP Inc. (NYSE:HPQ) by 5.8% during the first quarter, Holdings Channel.com reports. The firm owned 1,019,178 shares of the computer maker’s stock after selling 62,702 shares during the period. Quantinno Capital Management LP’s holdings in HP were worth $19,578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. State Street Corp raised its position in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. Geode Capital Management LLC boosted its holdings in shares of HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after buying an additional 274,033 shares during the period. Invesco Ltd. lifted its position in HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after acquiring an additional 3,671,511 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of HP by 50.2% in the fourth quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock worth $302,610,000 after purchasing an additional 4,542,339 shares during the period. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $27.98, for a total transaction of $294,461.52. Following the completion of the transaction, the insider owned 81,676 shares in the company, valued at $2,285,294.48. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

HP Stock Performance

NYSE:HPQ opened at $27.32 on Friday. The company has a 50-day moving average of $24.69 and a 200-day moving average of $21.41. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The company has a market capitalization of $24.99 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 4.60 and a beta of 1.19.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. HP’s dividend payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley upped their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Barclays raised their price objective on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.33.

HP 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.