Allianz Asset Management GmbH Purchases 1,701,028 Shares of HP Inc. $HPQ

Allianz Asset Management GmbH boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 26.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,157,982 shares of the computer maker's stock after buying an additional 1,701,028 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.90% of HP worth $178,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of HP in the second quarter worth about $2,357,757,000. State Street Corp boosted its holdings in HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker's stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares during the period. California State Teachers Retirement System grew its position in HP by 2,151.8% during the 2nd quarter. California State Teachers Retirement System now owns 35,563,906 shares of the computer maker's stock worth $780,272,000 after acquiring an additional 33,984,527 shares during the last quarter. Geode Capital Management LLC grew its position in HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker's stock worth $607,373,000 after acquiring an additional 274,033 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new position in HP in the 2nd quarter worth approximately $545,984,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Citigroup increased their price objective on HP from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Morgan Stanley lowered their price target on shares of HP from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, August 24th. Evercore set a $32.00 price target on shares of HP in a research report on Monday, August 24th. Barclays raised their price target on shares of HP from $19.00 to $23.00 and gave the stock an "underweight" rating in a report on Friday, August 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of HP from $19.00 to $21.00 and gave the company a "sell" rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $25.17.

HP Stock Up 0.1%

HPQ opened at $32.66 on Tuesday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.78. The stock has a market cap of $29.45 billion, a PE ratio of 12.47, a PEG ratio of 1.70 and a beta of 1.18. The business has a 50 day moving average of $27.41 and a 200-day moving average of $23.31.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that HP Inc. will post 3.23 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, September 9th. HP's dividend payout ratio (DPR) is currently 45.80%.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of HP 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 transaction, the insider directly owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 over the last three months. 0.18% of the stock is currently owned by insiders.

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.

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