Deutsche Bank AG Acquires Shares of 6,388,897 HP Inc. $HPQ

Key Points

• Deutsche Bank acquired 6.39 million HP shares in the second quarter, valued at approximately $140.2 million and representing about 0.70% of HP. Institutional investors collectively own 77.53% of the company.
• HP reported quarterly EPS of $0.86, beating estimates of $0.72, while revenue rose 9% year over year to $14.41 billion. The company guided for fiscal 2026 EPS of $2.90–$3.10.
• Analyst sentiment remains cautious, with an average “Reduce” rating and a $23.50 consensus price target, despite HP’s $29.99 share price. HP declared a quarterly dividend of $0.30, equivalent to a 4.0% annualized yield.

Deutsche Bank AG purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,388,897 shares of the computer maker's stock, valued at approximately $140,172,000. Deutsche Bank AG owned approximately 0.70% of HP as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. increased its position in HP by 13.1% during the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker's stock worth $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL raised its stake 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 purchasing an additional 551 shares during the period. Daiwa Securities Group Inc. boosted its holdings in HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker's stock valued at $3,555,000 after acquiring an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker's stock worth $17,894,000 after purchasing an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in shares of HP in the second quarter worth $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 company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares of the company's stock, valued at $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 is available at this hyperlink. 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group raised their target price on HP from $20.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Weiss Ratings upgraded HP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 6th. Bank of America increased their price target on HP from $16.00 to $18.00 and gave the stock an "underperform" rating in a research report on Thursday, May 28th. Morgan Stanley boosted their price target on HP from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $23.50.

HP Stock Up 0.1%

NYSE:HPQ opened at $29.99 on Thursday. The firm has a market cap of $27.43 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 5.05 and a beta of 1.17. The company's 50-day moving average price is $25.59 and its two-hundred day moving average price is $22.28. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, research analysts expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP's dividend 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.

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