Pacer Advisors Inc. Acquires 2,741,438 Shares of HP Inc. $HPQ

Pacer Advisors Inc. lifted its holdings in HP Inc. (NYSE:HPQ) by 42.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,145,694 shares of the computer maker’s stock after acquiring an additional 2,741,438 shares during the period. Pacer Advisors Inc.’s holdings in HP were worth $175,689,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HPQ. DNB Asset Management AS boosted its stake in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares during the period. Norges Bank bought a new position in HP during the 4th quarter valued at about $149,309,000. Arrowstreet Capital Limited Partnership grew its holdings in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC raised its position in HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after purchasing an additional 5,325,260 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in HP by 626.6% in the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after purchasing an additional 4,267,600 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America increased their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. TD Cowen raised their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Wells Fargo & Company lifted their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Barclays upped their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.33.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total transaction of $294,461.52. Following the completion of the sale, the insider directly owned 81,676 shares of the company’s stock, valued at approximately $2,285,294.48. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

HP Stock Up 0.2%

Shares of HPQ stock opened at $27.32 on Monday. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 4.60 and a beta of 1.17. The company’s 50 day moving average is $24.69 and its 200 day moving average is $21.41. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.65.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. HP’s payout ratio is currently 44.28%.

About HP

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.