HP Inc. $HPQ Shares Sold by Teacher Retirement System of Texas

by · The Markets Daily

Teacher Retirement System of Texas cut its holdings in shares of HP Inc. (NYSE:HPQFree Report) by 43.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 510,864 shares of the computer maker’s stock after selling 395,523 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of HP worth $13,911,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its stake in shares of HP by 76.0% in the third quarter. Parkside Financial Bank & Trust now owns 3,780 shares of the computer maker’s stock worth $103,000 after buying an additional 1,632 shares during the last quarter. Olympiad Research LP acquired a new position in HP during the 3rd quarter worth $266,000. Rakuten Investment Management Inc. acquired a new position in HP during the 3rd quarter worth $715,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of HP by 0.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,824,400 shares of the computer maker’s stock worth $49,678,000 after purchasing an additional 16,449 shares during the last quarter. Finally, Vest Financial LLC raised its stake in shares of HP by 32.2% in the 3rd quarter. Vest Financial LLC now owns 81,716 shares of the computer maker’s stock valued at $2,225,000 after purchasing an additional 19,912 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the sale, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 110,123 shares of company stock valued at $2,784,126 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. UBS Group set a $24.00 target price on HP in a research report on Wednesday, November 26th. Evercore ISI lowered their price target on HP from $29.00 to $25.00 and set an “in-line” rating for the company in a report on Wednesday, November 26th. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.77.

Read Our Latest Stock Analysis on HPQ

HP Trading Down 2.1%

Shares of NYSE HPQ opened at $19.42 on Friday. HP Inc. has a 12-month low of $19.20 and a 12-month high of $35.28. The company has a market cap of $17.82 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 3.65 and a beta of 1.21. The stock’s 50 day simple moving average is $22.95 and its 200 day simple moving average is $25.45.

HP (NYSE:HPQGet Free Report) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were given a $0.30 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 6.2%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is 45.28%.

HP Profile

(Free Report)

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.

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