Victory Capital Management Inc. Acquires 188,388 Shares of HP Inc. $HPQ

Victory Capital Management Inc. grew its holdings in HP Inc. (NYSE:HPQ) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,234,201 shares of the computer maker’s stock after acquiring an additional 188,388 shares during the period. Victory Capital Management Inc. owned 0.24% of HP worth $60,837,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HPQ. Westfuller Advisors LLC purchased a new position in shares of HP in the 3rd quarter worth $28,000. Laurel Wealth Advisors LLC boosted its holdings in shares of HP by 2,346.5% in 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 bought a new position in HP in the second quarter worth approximately $27,000. Caitlin John LLC purchased a new stake in shares of HP in the 3rd quarter worth $30,000. Finally, Corsicana & Co. purchased a new stake in shares of HP during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other news, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the sale, the insider owned 34,572 shares of the company’s stock, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is currently owned by company insiders.

HP Price Performance

NYSE HPQ opened at $19.45 on Friday. The company has a fifty day moving average of $19.91 and a two-hundred day moving average of $24.11. The company has a market capitalization of $17.79 billion, a PE ratio of 7.37, a P/E/G ratio of 5.37 and a beta of 1.18. HP Inc. has a 1 year low of $17.56 and a 1 year high of $30.61.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. HP’s dividend payout ratio is presently 45.45%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HPQ shares. Sanford C. Bernstein restated a “market perform” rating on shares of HP in a research note on Monday, December 1st. TD Cowen decreased their target price on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Evercore set a $22.00 target price on shares of HP in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. lowered their target price on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, HP has a consensus rating of “Reduce” and a consensus price target of $21.58.

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.