North Dakota State Investment Board Takes $721,000 Position in HP Inc. $HPQ

North Dakota State Investment Board purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,350 shares of the computer maker’s stock, valued at approximately $721,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Auxano Advisors LLC raised its holdings in shares of HP by 4.4% during the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after purchasing an additional 391 shares in the last quarter. IHT Wealth Management LLC raised its holdings in HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after acquiring an additional 398 shares during the period. Vident Advisory LLC raised its holdings in HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after acquiring an additional 444 shares during the period. Personal CFO Solutions LLC raised its holdings in HP by 2.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock worth $585,000 after acquiring an additional 459 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in HP by 0.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after acquiring an additional 470 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $21.04 on Thursday. The firm’s 50-day moving average is $19.72 and its 200-day moving average is $21.19. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 5.82 and a beta of 1.09.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s 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. Equities analysts predict that HP Inc. will post 2.84 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 5.7%. HP’s payout ratio is presently 45.45%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore set a $22.00 target price on shares of HP in a report on Thursday, February 19th. Wells Fargo & Company dropped their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. The Goldman Sachs Group dropped their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a report on Wednesday, February 25th. Finally, Bank of America reiterated an “underperform” rating and issued a $20.00 target price (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $21.58.

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.