Aquatic Capital Management LLC Takes Position in HP Inc. $HPQ

Aquatic Capital Management LLC acquired a new stake in HP Inc. (NYSE:HPQ) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 252,786 shares of the computer maker’s stock, valued at approximately $6,883,000.

Other institutional investors also recently modified their holdings of the company. 44 Wealth Management LLC grew its stake in HP by 16.8% in the third quarter. 44 Wealth Management LLC now owns 56,630 shares of the computer maker’s stock valued at $1,542,000 after purchasing an additional 8,132 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in HP by 22.1% in the third quarter. Alliancebernstein L.P. now owns 1,634,580 shares of the computer maker’s stock worth $44,510,000 after purchasing an additional 295,432 shares in the last quarter. Creative Planning increased its position in HP by 28.9% during the third quarter. Creative Planning now owns 365,152 shares of the computer maker’s stock worth $9,943,000 after buying an additional 81,971 shares during the last quarter. Lazard Asset Management LLC raised its holdings in HP by 27.8% during the third quarter. Lazard Asset Management LLC now owns 319,782 shares of the computer maker’s stock valued at $8,708,000 after buying an additional 69,643 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of HP in the third quarter worth about $610,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Wells Fargo & Company decreased their target price on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. The Goldman Sachs Group lowered their target price on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a report on Wednesday, February 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a research report on Monday, December 1st. Finally, Barclays cut their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Reduce” and an average target price of $21.58.

Insider Transactions at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider directly owned 34,572 shares in the company, valued at $801,724.68. The trade was a 49.08% 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. 0.18% of the stock is owned by corporate insiders.

HP Stock Performance

NYSE:HPQ opened at $18.94 on Monday. The company has a 50-day moving average of $19.54 and a 200-day moving average of $23.77. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 5.26 and a beta of 1.18. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.55.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. The company had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is currently 45.45%.

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.