Jupiter Topco LLC Invests $2.79 Million in HP Inc. $HPQ

Jupiter Topco LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 127,159 shares of the computer maker's stock, valued at approximately $2,790,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Callan Family Office LLC purchased a new stake in HP in the second quarter worth $3,029,000. BlackRock Inc. purchased a new position in HP during the 2nd quarter valued at $2,357,757,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in HP by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker's stock worth $43,747,000 after purchasing an additional 103,175 shares in the last quarter. BNP Paribas raised its holdings in HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker's stock worth $2,891,000 after purchasing an additional 128,296 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of HP in the 4th quarter worth about $7,939,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction 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 completion of the transaction, the insider owned 39,580 shares in the company, 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

HPQ has been the topic of a number of research reports. TD Cowen lifted their target price on shares of HP from $26.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, August 27th. Morgan Stanley decreased their price target on shares of HP from $19.00 to $17.00 and set an "underweight" rating for the company in a research note on Monday, August 24th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. The Goldman Sachs Group upped their target price on HP from $19.00 to $21.00 and gave the stock a "sell" rating in a report on Wednesday, August 12th. Finally, Barclays increased their target price on HP from $19.00 to $23.00 and gave the stock an "underweight" rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $25.17.

HP Price Performance

Shares of NYSE HPQ opened at $31.98 on Thursday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.55. The firm has a 50-day moving average of $26.84 and a 200 day moving average of $23.03. The stock has a market cap of $28.84 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 annualized dividend and a dividend yield of 3.8%. HP's dividend payout ratio is presently 45.80%.

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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