Perpetual Ltd Buys 48,077 Shares of HP Inc. $HPQ

Perpetual Ltd raised its position in shares of HP Inc. (NYSE:HPQ) by 579.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,370 shares of the computer maker’s stock after acquiring an additional 48,077 shares during the quarter. Perpetual Ltd’s holdings in HP were worth $1,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westfuller Advisors LLC bought a new stake in shares of HP during the third quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in HP by 72.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares in the last quarter. Caitlin John LLC purchased a new position in HP during the third quarter valued at $30,000. Corsicana & Co. bought a new stake in shares of HP during the 3rd quarter valued at $33,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of HP by 42.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock valued at $37,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on HPQ shares. Morgan Stanley decreased their price target 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. Barclays cut their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report 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 research note on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Finally, Bank of America restated an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $21.58.

HP Stock Performance

Shares of HPQ stock opened at $19.50 on Friday. HP Inc. has a one year low of $17.56 and a one year high of $29.55. The company’s 50-day moving average is $19.01 and its 200 day moving average is $22.80. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 5.42 and a beta of 1.11.

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 business had revenue of $14.44 billion during 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.2%. HP’s dividend payout ratio is 45.45%.

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.