ExodusPoint Capital Management LP Has $18.42 Million Stock Holdings in HP Inc. $HPQ

ExodusPoint Capital Management LP raised its holdings in HP Inc. (NYSE:HPQ) by 159.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 826,628 shares of the computer maker’s stock after purchasing an additional 508,434 shares during the quarter. ExodusPoint Capital Management LP’s holdings in HP were worth $18,417,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of HP by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares in the last quarter. State Street Corp boosted its holdings in shares of HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of HP by 242.2% in the 4th 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of HP by 12.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,427,979 shares of the computer maker’s stock valued at $210,055,000 after purchasing an additional 1,049,256 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Down 1.3%

Shares of NYSE:HPQ opened at $24.29 on Wednesday. The firm has a market cap of $22.21 billion, a P/E ratio of 8.96, a P/E/G ratio of 4.15 and a beta of 1.17. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The business has a fifty day simple moving average of $22.18 and a 200 day simple moving average of $21.27.

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, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the company earned $0.71 EPS. HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities research analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group raised their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Evercore set a $22.00 target price on HP in a report on Thursday, February 19th. Morgan Stanley raised their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. TD Cowen increased their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Bank of America increased their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $23.33.

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.