Aigen Investment Management LP Takes $704,000 Position in HP Inc. $HPQ

Aigen Investment Management LP bought a new stake in HP Inc. (NYSE:HPQ) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 31,591 shares of the computer maker’s stock, valued at approximately $704,000.

A number of other hedge funds also recently modified their holdings of HPQ. Garner Asset Management Corp acquired a new position in shares of HP in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of HP in the fourth quarter worth $26,000. Sound Income Strategies LLC increased its stake in shares of HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares during the last quarter. Caitlin John LLC acquired a new position in shares of HP in the third quarter worth $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of HP in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

HPQ stock opened at $25.19 on Monday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65. The company has a 50-day moving average of $21.98 and a two-hundred day moving average of $21.26. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) 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 company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly 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. Equities analysts expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is 44.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HPQ shares. UBS Group upped 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, May 28th. Bank of America upped their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. increased their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $23.33.

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.