Allspring Global Investments Holdings LLC Grows Holdings in HP Inc. $HPQ

Allspring Global Investments Holdings LLC raised its holdings in HP Inc. (NYSE:HPQ) by 56.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 65,014 shares of the computer maker’s stock after acquiring an additional 23,383 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HP were worth $1,232,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quartz Partners LLC grew its stake in shares of HP by 11.3% during the 1st quarter. Quartz Partners LLC now owns 17,128 shares of the computer maker’s stock valued at $329,000 after buying an additional 1,735 shares during the period. Wealthfront Advisers LLC boosted its holdings in HP by 47.9% in the first quarter. Wealthfront Advisers LLC now owns 214,536 shares of the computer maker’s stock valued at $4,121,000 after acquiring an additional 69,503 shares during the last quarter. Sigma Planning Corp purchased a new stake in HP during the first quarter valued at about $1,459,000. Checchi Capital Advisers LLC increased its stake in HP by 34.8% during the first quarter. Checchi Capital Advisers LLC now owns 12,893 shares of the computer maker’s stock worth $248,000 after acquiring an additional 3,327 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in HP by 28.0% during the first quarter. Hillsdale Investment Management Inc. now owns 38,400 shares of the computer maker’s stock worth $738,000 after acquiring an additional 8,400 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley raised their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upped their price target on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, UBS Group raised their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $23.33.

HP Price Performance

NYSE:HPQ opened at $25.82 on Monday. The firm has a 50-day moving average of $24.14 and a two-hundred day moving average of $21.20. The stock has a market cap of $23.61 billion, a P/E ratio of 9.53, a PEG ratio of 4.34 and a beta of 1.19. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company 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. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

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.