HP Inc. $HPQ Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH boosted its holdings in HP Inc. (NYSE:HPQ) by 85.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 336,300 shares of the computer maker’s stock after purchasing an additional 154,900 shares during the quarter. Erste Asset Management GmbH’s holdings in HP were worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Applied Finance Capital Management LLC increased its stake in HP by 8.4% during the third quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock worth $33,139,000 after acquiring an additional 94,494 shares during the last quarter. Vanguard Group Inc. increased its stake in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in HP during the third quarter worth about $22,601,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in HP during the fourth quarter worth about $31,899,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPQ has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Barclays upped their price target on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Bank of America upped their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. Finally, Wells Fargo & Company upped their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Price Performance

Shares of NYSE HPQ opened at $25.36 on Tuesday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The business has a 50-day moving average of $21.53 and a 200-day moving average of $21.22. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 4.32 and a beta of 1.16.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping 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 the consensus estimate of $13.99 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. HP’s dividend payout ratio is presently 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.