Engineers Gate Manager LP Buys New Position in HP Inc. $HPQ

Engineers Gate Manager LP purchased a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 181,069 shares of the computer maker’s stock, valued at approximately $3,973,000.

Several other large investors have also recently bought and sold shares of HPQ. SHP Wealth Management bought a new stake in shares of HP in the 4th quarter worth approximately $26,000. Union Savings Bank bought a new stake in shares of HP in the 4th quarter valued at approximately $28,000. Aberdeen Wealth Management LLC bought a new stake in shares of HP in the 2nd quarter valued at approximately $29,000. DV Equities LLC acquired a new position in shares of HP in the 4th quarter worth approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HP during the fourth quarter worth $32,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 42,096 shares of company stock worth $1,218,890. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HPQ has been the topic of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $32.00 target price on shares of HP in a research note on Thursday, August 27th. UBS Group raised their price objective on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Wells Fargo & Company increased their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Zacks Research upgraded HP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Finally, Barclays lifted their price target on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.77.

HP Stock Performance

Shares of HPQ stock opened at $35.42 on Friday. The firm’s 50 day moving average price is $28.29 and its two-hundred day moving average price is $23.69. The stock has a market cap of $31.94 billion, a PE ratio of 13.52, a PEG ratio of 1.84 and a beta of 1.18. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts predict that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. HP’s dividend payout ratio is currently 45.80%.

HP Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.