Arrowstreet Capital Limited Partnership Has $210.06 Million Holdings in HP Inc. $HPQ

Arrowstreet Capital Limited Partnership grew its stake in HP Inc. (NYSE:HPQ) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,427,979 shares of the computer maker’s stock after buying an additional 1,049,256 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in HP were worth $210,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. Garner Asset Management Corp acquired a new stake in HP in the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC boosted its stake in shares of HP by 97.0% during the 4th 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 period. Caitlin John LLC bought a new position in shares of HP during the 3rd quarter worth approximately $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of HP during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 0.2%

NYSE HPQ opened at $25.19 on Monday. The business’s 50-day moving average price is $21.98 and its two-hundred day moving average price is $21.26. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The firm has a market capitalization of $23.04 billion, a PE 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 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue 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, analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Barclays lifted their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. TD Cowen lifted their price objective on HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group boosted their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company boosted their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $23.33.

About HP

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.