Counterpoint Mutual Funds LLC Acquires Shares of 315,607 HP Inc. $HPQ

Counterpoint Mutual Funds LLC bought a new position in shares of HP Inc. (NYSE:HPQ) in the 2nd quarter, HoldingsChannel reports. The fund bought 315,607 shares of the computer maker’s stock, valued at approximately $6,924,000.

Other large investors have also added to or reduced their stakes in the company. DNB Asset Management AS boosted its stake in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the last quarter. Norges Bank purchased a new stake in shares of HP in the fourth quarter worth approximately $149,309,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC lifted its holdings 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 valued at $244,527,000 after purchasing an additional 5,325,260 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of HP by 626.6% during the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after buying an additional 4,267,600 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

HPQ has been the subject of a number of analyst reports. UBS Group increased their price target on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Barclays lifted their price objective on shares of HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $23.50.

HP Stock Up 0.4%

HPQ stock opened at $29.19 on Thursday. The firm has a market cap of $26.69 billion, a PE ratio of 10.77, a P/E/G ratio of 4.90 and a beta of 1.17. The business has a 50 day moving average of $25.11 and a 200-day moving average of $21.90. HP Inc. has a 12-month low of $17.56 and a 12-month high of $30.87.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. 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, research analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 44.28%.

HP 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.