Virtu Financial LLC Trims Holdings in HP Inc. $HPQ

Virtu Financial LLC reduced its stake in HP Inc. (NYSE:HPQ) by 61.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,897 shares of the computer maker’s stock after selling 61,049 shares during the quarter. Virtu Financial LLC’s holdings in HP were worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Caitlin John LLC acquired a new position in HP during the third quarter worth $30,000. Garner Asset Management Corp purchased a new position in shares of HP during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HP in the fourth quarter valued at $26,000. DV Equities LLC acquired a new stake in shares of HP in the fourth quarter valued at $29,000. Finally, Sound Income Strategies LLC raised its holdings in shares of HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after buying an additional 646 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

HPQ has been the topic of several research reports. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. TD Cowen boosted their price target on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley lifted their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $23.33.

HP Trading Down 0.0%

NYSE:HPQ opened at $23.49 on Monday. The firm has a market cap of $21.48 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 3.96 and a beta of 1.16. The stock has a fifty day moving average price of $22.46 and a 200 day moving average price of $21.25. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the firm posted $0.71 EPS. HP’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.1%. HP’s payout ratio is currently 44.28%.

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.