Dynamic Technology Lab Private Ltd Purchases Shares of 85,422 HP Inc. $HPQ

Dynamic Technology Lab Private Ltd acquired a new position in HP Inc. (NYSE:HPQ) during the third quarter, HoldingsChannel reports. The institutional investor acquired 85,422 shares of the computer maker’s stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPQ. Richardson Financial Services Inc. raised 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 purchasing an additional 367 shares during the period. Auxano Advisors LLC boosted its holdings in shares of HP by 4.4% in the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after purchasing an additional 391 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares during the period. AdvisorNet Financial Inc increased 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 purchasing an additional 405 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in HP by 6.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock valued at $173,000 after buying an additional 410 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Insider Transactions at HP

In other 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 transaction of $415,306.58. Following the transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ketan M. Patel sold 33,321 shares of HP 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 $801,724.68. This represents a 49.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent analyst reports. Citigroup dropped their price objective on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. TD Cowen reduced their target price on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Barclays dropped 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. Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Finally, Argus raised shares of HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Two investment 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 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 Up 0.6%

HPQ stock opened at $19.45 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $30.61. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.40 and a beta of 1.18. The business’s fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $24.09.

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, beating analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $14.44 billion during the quarter, compared to analyst estimates 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 was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio is currently 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.