Plato Investment Management Ltd Acquires Shares of 31,177 HP Inc. $HPQ

Plato Investment Management Ltd acquired a new stake in HP Inc. (NYSE:HPQ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 31,177 shares of the computer maker’s stock, valued at approximately $680,000.

Other institutional investors have also modified their holdings of the company. Garner Asset Management Corp purchased a new stake in HP in the 4th quarter valued at $25,000. SHP Wealth Management acquired a new stake in HP during the 4th quarter worth $26,000. Union Savings Bank purchased a new position in HP during the 4th quarter worth $28,000. DV Equities LLC purchased a new position in HP during the 4th quarter worth $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HP in the fourth quarter valued at $32,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Up 2.2%

NYSE:HPQ opened at $30.05 on Wednesday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The stock has a market cap of $27.48 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 5.08 and a beta of 1.17. The firm’s fifty day simple moving average is $25.49 and its 200-day simple moving average is $22.20.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. TD Cowen upped their price objective on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Morgan Stanley increased their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $23.50.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by insiders.

HP 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.