Barclays PLC Purchases 362,843 Shares of HP Inc. $HPQ

Barclays PLC raised its position in shares of HP Inc. (NYSE:HPQ) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,795,151 shares of the computer maker’s stock after buying an additional 362,843 shares during the quarter. Barclays PLC owned about 0.30% of HP worth $76,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Islay Capital Management LLC bought a new position in shares of HP during the third quarter valued at approximately $521,000. ARK Investment Management LLC boosted its holdings in HP by 6.6% in the third quarter. ARK Investment Management LLC now owns 117,932 shares of the computer maker’s stock worth $3,211,000 after acquiring an additional 7,258 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of HP by 1.0% in the third quarter. Cresset Asset Management LLC now owns 54,874 shares of the computer maker’s stock worth $1,510,000 after acquiring an additional 566 shares during the last quarter. Picton Mahoney Asset Management grew its stake in shares of HP by 102,005.9% in the third quarter. Picton Mahoney Asset Management now owns 34,716 shares of the computer maker’s stock worth $946,000 after acquiring an additional 34,682 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of HP by 3.0% during the third quarter. South Dakota Investment Council now owns 389,938 shares of the computer maker’s stock valued at $10,618,000 after acquiring an additional 11,200 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider owned 169 shares of the company’s stock, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the sale, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.18% of the company’s stock.

HP Stock Up 0.6%

HPQ opened at $19.45 on Monday. The firm has a 50 day moving average price of $19.91 and a 200-day moving average price of $24.07. HP Inc. has a twelve month low of $17.56 and a twelve month high of $30.61. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.40 and a beta of 1.18.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. The company had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is presently 45.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Barclays reduced their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Wells Fargo & Company decreased their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Finally, Zacks Research cut shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $21.58.

About HP

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.