Renaissance Technologies LLC Acquires 2,481,053 Shares of HP Inc. $HPQ

Posted by Brenda Bartman on Jul 25th, 2026

Renaissance Technologies LLC raised its stake in shares of HP Inc. (NYSE:HPQ – Free Report) by 50.1% in the first quarter, Holdings Channel.com reports. The firm owned 7,429,753 shares of the computer maker’s stock after buying an additional 2,481,053 shares during the period. Renaissance Technologies LLC’s holdings in HP were worth $142,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HPQ. Garner Asset Management Corp bought a new position in shares of HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in HP during the fourth quarter worth $26,000. SHP Wealth Management bought a new stake in HP during the fourth quarter worth $26,000. Union Savings Bank purchased a new stake in HP in the 4th quarter valued at $28,000. Finally, DV Equities LLC purchased a new stake in HP in the 4th quarter valued at $29,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Trading Up 5.3%

HPQ stock opened at $25.82 on Friday. The stock’s fifty day simple moving average is $24.14 and its two-hundred day simple moving average is $21.20. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The stock has a market cap of $23.61 billion, a P/E ratio of 9.53, a P/E/G ratio of 4.14 and a beta of 1.19.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings data 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. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. 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, analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.6%. HP’s dividend payout ratio is presently 44.28%.

Insider Transactions at HP

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup lifted their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Barclays raised their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Finally, TD Cowen increased their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Two investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $23.33.

Read Our Latest Stock Analysis on HP

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.