Dynamic Technology Lab Private Ltd Sells 27,062 Shares of HP Inc. $HPQ

Dynamic Technology Lab Private Ltd trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 31.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,360 shares of the computer maker’s stock after selling 27,062 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in HP were worth $1,300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPQ. Garner Asset Management Corp bought a new position in shares of HP during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP during the 4th quarter worth about $26,000. Sound Income Strategies LLC lifted its holdings 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 about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of HP during the 4th quarter worth about $32,000. 77.53% of the stock is owned by institutional investors.

HP Stock Up 2.1%

Shares of HPQ stock opened at $25.19 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The company has a market capitalization of $23.04 billion, a P/E ratio of 9.30, a P/E/G ratio of 4.16 and a beta of 1.17. The firm has a 50-day moving average price of $21.98 and a 200 day moving average price of $21.28.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HPQ. Bank of America raised their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Finally, TD Cowen lifted their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price 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.