GSA Capital Partners LLP Purchases Shares of 18,438 HP Inc. $HPQ

GSA Capital Partners LLP acquired a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, HoldingsChannel reports. The fund acquired 18,438 shares of the computer maker’s stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. lifted its stake in shares of HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL boosted its holdings in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after buying an additional 551 shares in the last quarter. Daiwa Securities Group Inc. grew its position in HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares during the period. Treasurer of the State of North Carolina increased its holdings in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after buying an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new position in HP in the second quarter valued at $233,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity

In other 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 value of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock worth $1,478,622 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HPQ has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. TD Cowen increased their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley raised their price objective on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two 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 stock. According to data from MarketBeat.com, HP has a consensus rating of “Reduce” and an average price target of $23.50.

HP Price Performance

NYSE HPQ opened at $29.76 on Friday. The stock’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $22.40. The company has a market cap of $27.22 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.19.

HP (NYSE:HPQ) last issued its quarterly 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 firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’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, equities research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 dividend yield of 4.0%. 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.