California State Teachers Retirement System Has $30.34 Million Position in HP Inc. $HPQ

Posted by George Bondi on Aug 1st, 2026

California State Teachers Retirement System cut its stake in shares of HP Inc. (NYSE:HPQ – Free Report) by 3.4% in the first quarter, Holdings Channel reports. The fund owned 1,579,379 shares of the computer maker’s stock after selling 55,209 shares during the period. California State Teachers Retirement System’s holdings in HP were worth $30,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HPQ. DNB Asset Management AS grew 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 worth $236,048,000 after purchasing an additional 7,498,202 shares during the last quarter. Norges Bank acquired a new position in HP in the fourth quarter valued at about $149,309,000. Arrowstreet Capital Limited Partnership grew its stake in HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after buying an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC grew its stake in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after buying an additional 5,325,260 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of HP by 626.6% during the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after buying an additional 4,267,600 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. TD Cowen boosted their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Citigroup increased their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley raised their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $23.33.

Read Our Latest Research Report on HPQ

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $27.98, for a total transaction of $294,461.52. Following the transaction, the insider owned 81,676 shares of the company’s stock, valued at $2,285,294.48. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

HP Price Performance

Shares of HP stock opened at $27.32 on Friday. The firm has a market cap of $24.99 billion, a P/E ratio of 10.08, a P/E/G ratio of 4.53 and a beta of 1.19. The firm has a 50 day simple moving average of $24.69 and a 200 day simple moving average of $21.41. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65.

HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the previous year, the company posted $0.71 EPS. HP’s revenue 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. On average, sell-side analysts expect that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.4%. HP’s payout ratio is presently 44.28%.

About HP

(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.