HP (NYSE:HPQ) Shares Up 9.3% – Here’s What Happened

Posted by Geri Gentry on Sep 11th, 2026

HP Inc. (NYSE:HPQ – Get Free Report) shot up 9.3% during mid-day trading on Friday . The stock traded as high as $34.93 and last traded at $35.7730. Approximately 1,526,953 shares were traded during trading, a decline of 92% from the average daily volume of 18,194,334 shares. The stock had previously closed at $32.73.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $32.00 target price on shares of HP in a report on Thursday, August 27th. Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group upped their price target on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley dropped their price objective on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, August 24th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.77.

View Our Latest Research Report on HPQ

HP Stock Up 6.7%

The business’s fifty day moving average price is $28.02 and its 200 day moving average price is $23.60. The firm has a market capitalization of $31.50 billion, a PE ratio of 13.33, a P/E/G ratio of 1.68 and a beta of 1.18.

HP (NYSE:HPQ – Get Free Report) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is currently 45.80%.

Insider Buying and Selling at HP

In related news, insider David McQuarrie sold 21,048 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 42,096 shares of company stock worth $1,218,890. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HPQ. Callan Family Office LLC purchased a new stake in shares of HP during the second quarter worth about $3,029,000. BlackRock Inc. bought a new position in HP during the second quarter worth $2,357,757,000. BNP Paribas boosted its holdings in HP by 8,978.0% in the fourth quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after purchasing an additional 128,296 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in HP during the fourth quarter valued at $7,939,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of HP by 19.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,363,793 shares of the computer maker’s stock worth $30,385,000 after purchasing an additional 217,428 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Company Profile

(Get Free Report)

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.