Parvin Asset Management LLC Makes New $889,000 Investment in HP Inc. $HPQ

Parvin Asset Management LLC bought a new position in HP Inc. (NYSE:HPQ) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 40,500 shares of the computer maker’s stock, valued at approximately $889,000.

Other large investors have also recently modified their holdings of the company. Garner Asset Management Corp purchased a new position in shares of HP during the 4th quarter worth approximately $25,000. SHP Wealth Management purchased a new position in shares of HP in the 4th quarter valued at approximately $26,000. Union Savings Bank bought a new stake in shares of HP during the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new stake in shares of HP during the fourth quarter valued at approximately $29,000. Finally, Aberdeen Wealth Management LLC purchased a new stake in HP in the second quarter worth $29,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $30.62 on Thursday. The firm’s 50 day moving average price is $26.11 and its 200-day moving average price is $22.63. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The company has a market cap of $28.00 billion, a PE ratio of 11.30, a P/E/G ratio of 4.90 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that HP Inc. will post 3.03 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. HP’s payout ratio is currently 44.28%.

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of research reports. Morgan Stanley decreased their price objective on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday. Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. UBS Group upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Evercore set a $32.00 target price on shares of HP in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $24.17.

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.