Blueshift Asset Management LLC Purchases 13,688 Shares of HP Inc. $HPQ

Blueshift Asset Management LLC grew its position in shares of HP Inc. (NYSE:HPQ) by 32.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,780 shares of the computer maker’s stock after buying an additional 13,688 shares during the quarter. Blueshift Asset Management LLC’s holdings in HP were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HPQ. WPG Advisers LLC acquired a new position in shares of HP in the 1st quarter worth approximately $25,000. Laurel Wealth Advisors LLC raised its position in HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in HP in the second quarter worth $27,000. Global Trust Asset Management LLC boosted its stake in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Finally, AlphaCore Capital LLC grew its holdings in shares of HP by 143.5% during the second quarter. AlphaCore Capital LLC now owns 1,561 shares of the computer maker’s stock worth $39,000 after purchasing an additional 920 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 18,154 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the transaction, the insider owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Lores sold 34,282 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the transaction, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. UBS Group set a $24.00 target price on shares of HP in a research note on Wednesday, November 26th. HSBC set a $30.00 price target on shares of HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Morgan Stanley dropped their price objective on shares of HP from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 26th. Finally, Evercore ISI decreased their price objective on HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, HP has an average rating of “Hold” and an average target price of $25.69.

HP Price Performance

Shares of NYSE HPQ opened at $24.41 on Tuesday. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $36.93. The firm has a market capitalization of $22.81 billion, a P/E ratio of 8.91, a P/E/G ratio of 2.23 and a beta of 1.28. The company’s 50 day simple moving average is $26.19 and its 200 day simple moving average is $26.27.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. Sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. This is an increase from HP’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, December 11th. HP’s dividend payout ratio is currently 45.28%.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.