Primecap Management Co. CA Sells 511,675 Shares of HP Inc. $HPQ

Primecap Management Co. CA reduced its position in shares of HP Inc. (NYSE:HPQ) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,132,345 shares of the computer maker’s stock after selling 511,675 shares during the quarter. Primecap Management Co. CA owned 1.94% of HP worth $493,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its position in HP by 14.9% during the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after buying an additional 367 shares during the period. Auxano Advisors LLC raised its position in HP by 4.4% in the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after acquiring an additional 391 shares during the period. IHT Wealth Management LLC boosted its stake in shares of HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after acquiring an additional 398 shares during the last quarter. AdvisorNet Financial Inc grew its position 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 acquiring an additional 405 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in shares of HP by 6.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after purchasing an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Q1 beat — HP posted non‑GAAP EPS of $0.81 (vs. $0.77 consensus) and revenue of $14.44B, powered by a rebound in Personal Systems (PC) sales; the print gives near‑term evidence sales and share repurchases are supporting cash flow. HP Inc. Reports Fiscal 2026 First Quarter Results
• Positive Sentiment: Options flow turned bullish — unusually large activity (≈56,561 calls, ~160% above typical daily call volume) signals speculative or institutional positioning for upside or event‑driven volatility (earnings/guidance reaction or follow‑on analyst activity).
• Neutral Sentiment: Trading context — volume is elevated and the stock sits near its 52‑week low; that raises liquidity and volatility but also makes the name more sensitive to headlines and analyst revisions.
• Neutral Sentiment: Analyst valuation re‑rating underway — several shops are trimming fair value and moving to tighter target ranges as they weigh HP’s cost actions vs. memory cost risk; this is recalibrating expectations rather than providing a clear directional catalyst. Why The HP (HPQ) Story Is Shifting
• Negative Sentiment: Memory cost headwinds — management warned memory chip prices have risen sharply and are squeezing margins; analysts say this materially pressures FY26 EPS and operating margin expectations. HP’s Margin Squeeze Deepens As Memory Costs Surge
• Negative Sentiment: Cautious guidance and regulatory risks — HP pared its outlook toward the low end of prior guidance and cited U.S. trade/regulatory uncertainty, prompting investors to mark down forward expectations. HP warns US trade regulations, memory chip costs to weigh on annual forecasts
• Negative Sentiment: Analyst downgrades and price‑target cuts — multiple firms (Goldman, Barclays, Morgan Stanley, Wells Fargo among others) trimmed targets and moved to underweight/sell stances after the guidance and cost commentary, adding selling pressure and lowering conviction. Analyst price‑target moves (example: Morgan Stanley)
• Negative Sentiment: Shares hit multi‑week/52‑week lows in the wake of management’s warning — the CFO/guidance tone erased some of the earnings beat’s positive impact and prompted profit‑taking. HP Hits 52‑Week Low After CFO’s Warning
• Negative Sentiment: Leadership/news cross‑impact (PayPal appointment) — coverage mentioning Enrique Lores (formerly HP’s executive) moving to PayPal draws attention to HP’s leadership stability; any CEO/exec transition risk could be viewed negatively by investors focused on execution through a cost‑intensive period. PayPal Stock Halted on Stripe Rumor (mentions Enrique Lores)

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares of the company’s stock, valued at $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,969 shares of company stock worth $2,277,993 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

HP Trading Up 0.0%

NYSE HPQ opened at $18.21 on Thursday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $34.07. The stock has a market cap of $16.71 billion, a PE ratio of 6.90, a P/E/G ratio of 0.29 and a beta of 1.21. The stock’s 50 day moving average is $20.48 and its 200 day moving average is $24.46.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 359.21%. The business had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Wednesday, March 11th. HP’s payout ratio is currently 45.28%.

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 research report on Thursday, January 22nd. Morgan Stanley lowered their price objective on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday. Bank of America reiterated an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. UBS Group lowered their price target on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, The Goldman Sachs Group dropped their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and six have assigned 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 $22.23.

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.