HP Inc. $HPQ Shares Sold by Amundi

Amundi lowered its holdings in HP Inc. (NYSE:HPQ - Free Report) by 32.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,489,753 shares of the computer maker's stock after selling 1,697,938 shares during the quarter. Amundi owned 0.38% of HP worth $76,566,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Callan Family Office LLC purchased a new position in shares of HP during the 2nd quarter worth approximately $3,029,000. BlackRock Inc. purchased a new position in HP during the second quarter worth $2,357,757,000. BNP Paribas raised its holdings in shares of HP by 8,978.0% in the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker's stock worth $2,891,000 after acquiring an additional 128,296 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of HP in the fourth quarter valued at $7,939,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of HP by 19.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,363,793 shares of the computer maker's stock valued at $30,385,000 after acquiring an additional 217,428 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HP

In related news, insider David McQuarrie sold 21,048 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HPQ shares. TD Cowen upped their target price on shares of HP from $26.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, August 27th. Morgan Stanley cut their price objective on shares of HP from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, August 24th. Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on shares of HP from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their target price on shares of HP from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.17.

HP Stock Performance

Shares of NYSE:HPQ opened at $32.48 on Thursday. The stock has a 50-day simple moving average of $27.80 and a 200-day simple moving average of $23.50. The stock has a market capitalization of $29.29 billion, a P/E ratio of 12.40, a PEG ratio of 1.62 and a beta of 1.18. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.93.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP's revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company 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. Analysts predict that HP Inc. will post 3.23 earnings per share for the current year.

HP Announces Dividend

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

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Enterprise AI partnership: HP is collaborating with Red Hat and NVIDIA on an enterprise AI platform designed to run production inference closer to users, applications, machines and data. The planned solution combines HP ZGX Fury systems, NVIDIA’s GB300 Grace Blackwell Ultra Desktop Superchip and Red Hat AI Factory, potentially expanding HP’s role in high-performance computing and edge AI. HP Extends Data-Center AI Architecture to the Edge
• Positive Sentiment: Analyst upgrade: Zacks Research upgraded HP from “hold” to “strong buy,” reinforcing the improving investment case and likely supporting investor confidence.
• Positive Sentiment: Industry demand: Zacks identified HP as a stock to buy within the computer and microcomputer industry, citing resilient demand for enterprise devices despite global macroeconomic challenges. HP was also included in Zacks’ list of broker-favored stocks and its Rank #1 income-stock selections. 2 Stocks to Buy Right Now From the Prospering Computer Industry
• Positive Sentiment: Options-market optimism: Traders purchased 110,665 HP call options, roughly 234% above typical volume, signaling unusually bullish short-term positioning, although options activity can be speculative.
• Neutral Sentiment: Dividend and investor communication: Recent coverage examined HP’s dividend and the company presented at the Goldman Sachs Communacopia + Technology Conference. These items may support income-oriented and long-term investor interest, but no major new financial guidance was highlighted. HP Inc's Dividend Analysis

HP Company Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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