Jupiter Topco LLC Takes $2.79 Million Position in HP Inc. $HPQ

Jupiter Topco LLC purchased a new stake in shares of HP Inc. (NYSE:HPQ) in the 2nd quarter, Holdings Channel reports. The fund purchased 127,159 shares of the computer maker’s stock, valued at approximately $2,790,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in HP in the 2nd quarter valued at approximately $2,357,757,000. State Street Corp increased its holdings in shares of HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of HP in the second quarter worth $545,984,000. Finally, Invesco Ltd. lifted its holdings in shares of HP by 31.7% during the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock valued at $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Price Performance

Shares of HPQ opened at $31.98 on Thursday. HP Inc. has a one year low of $17.56 and a one year high of $32.55. The business has a fifty day moving average of $26.84 and a 200 day moving average of $23.03. The firm has a market capitalization of $28.84 billion, a P/E ratio of 12.21, a PEG ratio of 1.63 and a beta of 1.18.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter 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. Analysts expect that HP Inc. will post 3.23 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is 45.80%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Barclays upped their target price on shares of HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. TD Cowen lifted their price target on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Evercore set a $32.00 price objective on shares of HP in a report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and a consensus price target of $25.17.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’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 completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

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.