Qube Research & Technologies Ltd Purchases Shares of 3,041,105 HP Inc. $HPQ

by · The Markets Daily

Qube Research & Technologies Ltd purchased a new position in HP Inc. (NYSE:HPQ – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,041,105 shares of the computer maker’s stock, valued at approximately $74,385,000.

Several other hedge funds have also recently modified their holdings of the stock. WPG Advisers LLC purchased a new position in shares of HP in the 1st quarter valued at approximately $25,000. Laurel Wealth Advisors LLC increased its stake in HP by 2,346.5% during the 2nd 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 in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of HP in the second quarter worth $27,000. Global Trust Asset Management LLC raised its holdings in shares of HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after buying an additional 1,000 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the topic of several research reports. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Morgan Stanley cut their price objective on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Sanford C. Bernstein reiterated a “market perform” rating on shares of HP in a research report on Monday, December 1st. Finally, Bank of America cut their price target on shares of HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.69.

Check Out Our Latest Report on HPQ

Insiders Place Their Bets

In related news, insider Anneliese Olson sold 16,726 shares of the firm’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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction on Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the transaction, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at $3,677,856. The trade was a 22.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,084 shares of company stock worth $2,931,884 over the last three months. 0.38% of the stock is currently owned by insiders.

HP Stock Down 0.4%

Shares of HPQ stock opened at $25.38 on Friday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $35.28. The stock has a market cap of $23.72 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 4.78 and a beta of 1.22. The business has a 50-day simple moving average of $25.92 and a 200-day simple moving average of $26.12.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. During the same period last year, the business earned $0.93 earnings per share. HP’s quarterly revenue was up 4.2% on a year-over-year basis. 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 anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. This is an increase from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is presently 43.77%.

About HP

(Free Report)

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

See Also

Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ – Free Report).