NEOS Investment Management LLC Acquires 38,561 Shares of HP Inc. $HPQ

NEOS Investment Management LLC boosted its holdings in HP Inc. (NYSE:HPQ) by 47.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,285 shares of the computer maker’s stock after purchasing an additional 38,561 shares during the period. NEOS Investment Management LLC’s holdings in HP were worth $3,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPQ. Westfuller Advisors LLC bought a new stake in shares of HP in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC grew its holdings in HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in HP in the second quarter worth $27,000. Corsicana & Co. bought a new stake in shares of HP in the third quarter valued at $33,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of HP by 72.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock valued at $30,000 after buying an additional 512 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction 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 sale, the insider owned 169 shares in the company, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 91,969 shares of company stock worth $2,277,993 over the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays restated an “underweight” rating and issued a $18.00 price objective (down from $24.00) on shares of HP in a research note on Friday, January 16th. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Argus raised shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Evercore set a $22.00 target price on HP in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Reduce” and a consensus target price of $23.62.

HP Price Performance

Shares of HP stock opened at $18.33 on Friday. HP Inc. has a one year low of $18.25 and a one year high of $35.28. The business’s 50 day simple moving average is $20.99 and its two-hundred day simple moving average is $24.66. The stock has a market capitalization of $16.82 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.29 and a beta of 1.21.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Sell-side analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors 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 6.5%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s dividend payout ratio is presently 45.28%.

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.