Arrowstreet Capital Limited Partnership Has $62.17 Million Stock Position in HP Inc. $HPQ

Arrowstreet Capital Limited Partnership lowered its position in HP Inc. (NYSE:HPQ) by 65.7% in the first quarter, Holdings Channel.com reports. The fund owned 3,236,274 shares of the computer maker’s stock after selling 6,191,705 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in HP were worth $62,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of HP by 1.9% in 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 boosted its stake in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC increased its holdings in HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after buying an additional 274,033 shares during the period. Invesco Ltd. raised its stake in shares of HP by 31.7% in the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after buying an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of HP by 50.2% in the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after buying an additional 4,542,339 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 0.3%

NYSE HPQ opened at $25.82 on Monday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a 50 day moving average of $24.14 and a 200-day moving average of $21.20. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 4.34 and a beta of 1.19.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS 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 for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior 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. On average, analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. HP’s dividend payout ratio is currently 44.28%.

Analyst Upgrades and Downgrades

HPQ has been the topic of several recent research reports. Bank of America lifted their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. 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, 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. Finally, The Goldman Sachs Group upped their price objective on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $23.33.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

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.