Parallax Volatility Advisers L.P. Takes $1.03 Million Position in HP Inc. $HPQ

Parallax Volatility Advisers L.P. purchased a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 47,165 shares of the computer maker’s stock, valued at approximately $1,035,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of HP during the 2nd quarter worth about $2,357,757,000. Primecap Management Co. CA bought a new position in HP during the 2nd quarter worth approximately $545,984,000. Legal & General Group Plc acquired a new position in HP during the second quarter valued at approximately $180,689,000. DNB Asset Management AS grew its holdings 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 valued at $236,048,000 after purchasing an additional 7,498,202 shares during the period. Finally, Man Group plc bought a new stake in HP in the second quarter valued at approximately $149,223,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HPQ shares. UBS Group lifted their price target on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Citigroup raised their price objective on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Bank of America reissued an “underperform” rating on shares of HP in a research note on Thursday. Finally, Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $24.17.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

HP Price Performance

HPQ stock opened at $30.62 on Thursday. The stock has a market capitalization of $28.00 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.90 and a beta of 1.17. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.19. The business has a 50-day moving average of $26.11 and a 200-day moving average of $22.63.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that HP Inc. will post 3.03 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction 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 transaction, the insider owned 39,580 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock worth $1,478,622 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.