Employees Retirement System of Texas Trims Stock Position in HP Inc. $HPQ

Key Points

• Employees Retirement System of Texas sharply cut its HP Inc. stake by 80.2% in the fourth quarter, selling more than 81,000 shares and leaving about 20,145 shares worth roughly $449,000.
• HP shares were up about 4.6% and the stock opened at $25.55, while institutional investors still own a large majority of the company at 77.53%.
• HP beat quarterly earnings and revenue estimates, but it also cut its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, even as it raised/updated near-term guidance and announced a $0.30 quarterly dividend.

Employees Retirement System of Texas cut its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 80.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,145 shares of the computer maker's stock after selling 81,822 shares during the period. Employees Retirement System of Texas' holdings in HP were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Vanguard Group Inc. lifted its holdings in HP by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker's stock valued at $2,943,063,000 after acquiring an additional 2,435,634 shares during the period. State Street Corp increased its holdings in shares of 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 purchasing an additional 2,651,623 shares in the last quarter. DNB Asset Management AS lifted its stake in shares of HP by 242.2% in 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 period. AQR Capital Management LLC lifted its stake in shares of HP by 143.4% in the 3rd 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 during the period. Finally, Legal & General Group Plc boosted its holdings in HP by 7.3% during the third quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker's stock worth $235,627,000 after buying an additional 586,694 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Up 4.6%

HPQ stock opened at $25.55 on Thursday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.55. The firm has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $21.11. The stock has a market capitalization of $23.37 billion, a P/E ratio of 9.68, a P/E/G ratio of 6.75 and a beta of 1.09.

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. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.41 billion for the quarter, compared to analysts' expectations of $13.99 billion. During the same period in the previous year, the firm posted $0.71 EPS. HP's revenue was up 9.0% compared to the same quarter last year. 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, analysts expect that HP Inc. will post 2.85 earnings per share for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP's payout ratio is presently 45.45%.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat second-quarter estimates on both revenue and profit, which is supporting the stock. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said AI PC demand and the Windows 11 upgrade cycle boosted sales, suggesting underlying demand is improving. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: HP also raised/updated full-year and Q3 EPS guidance modestly versus consensus, which helps offset some of the uncertainty around the outlook. HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from a prior $2.47-$2.77 range, signaling margin or cost pressure ahead. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue

Analyst Ratings Changes

A number of research analysts have weighed in on HPQ shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of HP in a report on Monday, May 4th. The Goldman Sachs Group dropped their target price on HP from $21.00 to $16.00 and set a "sell" rating on the stock in a research report on Wednesday, February 25th. Evercore set a $22.00 price target on HP in a research note on Thursday, February 19th. Wells Fargo & Company reduced their price target on HP from $25.00 to $18.00 and set an "underweight" rating for the company in a report on Wednesday, February 25th. Finally, UBS Group lowered their price target on HP from $26.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $21.67.

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.

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