AXQ Capital LP Acquires Shares of 76,510 HP Inc. $HPQ

AXQ Capital LP acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, HoldingsChannel reports. The fund acquired 76,510 shares of the computer maker’s stock, valued at approximately $1,705,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares in the last quarter. State Street Corp lifted its holdings in HP by 5.3% during 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of HP by 1.0% in the fourth 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 in the last quarter. DNB Asset Management AS lifted its stake in shares of HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after buying an additional 5,325,260 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company raised their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Barclays raised their price target on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, UBS Group raised their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, HP has an average rating of “Reduce” and a consensus price target of $23.08.

HP Price Performance

Shares of HPQ opened at $29.36 on Tuesday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55. The stock has a market cap of $26.85 billion, a PE ratio of 10.83, a P/E/G ratio of 4.61 and a beta of 1.16. The firm has a 50-day simple moving average of $20.81 and a two-hundred day simple moving average of $21.15.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter 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, sell-side analysts expect that HP Inc. will post 2.94 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. HP’s dividend payout ratio (DPR) is currently 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.