HP Inc. $HPQ Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of HP Inc. (NYSE:HPQ) by 3,365.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,396,782 shares of the computer maker’s stock after acquiring an additional 1,356,479 shares during the quarter. Assenagon Asset Management S.A. owned 0.15% of HP worth $38,034,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HPQ. Dimensional Fund Advisors LP raised its holdings in shares of HP by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,919,661 shares of the computer maker’s stock valued at $136,224,000 after acquiring an additional 102,017 shares during the last quarter. Cresset Asset Management LLC boosted its stake in shares of HP by 1.4% in the first quarter. Cresset Asset Management LLC now owns 57,188 shares of the computer maker’s stock worth $1,597,000 after acquiring an additional 794 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of HP by 1.0% during the first quarter. Raymond James Financial Inc. now owns 1,130,091 shares of the computer maker’s stock worth $31,292,000 after purchasing an additional 11,733 shares in the last quarter. Brooklyn Investment Group raised its stake in HP by 34.0% in the 1st quarter. Brooklyn Investment Group now owns 5,693 shares of the computer maker’s stock valued at $158,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in HP by 6.3% in the 1st quarter. Wellington Management Group LLP now owns 275,606 shares of the computer maker’s stock valued at $7,632,000 after purchasing an additional 16,349 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group set a $24.00 price target on shares of HP in a research report on Wednesday, November 26th. Argus upgraded HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Evercore ISI cut 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. Sanford C. Bernstein reiterated a “market perform” rating on shares of HP in a research report on Monday, December 1st. Finally, Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.69.

HP Trading Down 4.2%

HP stock opened at $23.41 on Friday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $35.28. The stock’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $26.04. The firm has a market capitalization of $21.49 billion, a P/E ratio of 8.83, a P/E/G ratio of 4.58 and a beta of 1.22.

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

HP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.1%. HP’s dividend payout ratio is currently 45.28%.

Insider Activity

In related news, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. The trade was a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,084 shares of company stock valued at $2,931,884 in the last quarter. Insiders own 0.38% of the company’s stock.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.