BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Position in HP Inc. $HPQ

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in shares of HP Inc. (NYSE:HPQ) by 29.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,892 shares of the computer maker’s stock after selling 100,710 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in HP were worth $6,559,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HPQ. DekaBank Deutsche Girozentrale raised its position in HP by 7.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 768,305 shares of the computer maker’s stock valued at $19,017,000 after purchasing an additional 51,706 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of HP by 15.1% in the second quarter. Cullen Frost Bankers Inc. now owns 12,797 shares of the computer maker’s stock valued at $313,000 after buying an additional 1,681 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of HP by 7.6% during the 2nd quarter. Brookstone Capital Management now owns 375,218 shares of the computer maker’s stock valued at $9,178,000 after buying an additional 26,415 shares during the period. Rehmann Capital Advisory Group lifted its position in HP by 26.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 13,877 shares of the computer maker’s stock worth $339,000 after acquiring an additional 2,903 shares in the last quarter. Finally, ARK Investment Management LLC lifted its position in HP by 7.7% during the 2nd quarter. ARK Investment Management LLC now owns 110,674 shares of the computer maker’s stock worth $2,707,000 after acquiring an additional 7,953 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ketan M. Patel sold 33,321 shares of HP 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 directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 directly owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 91,969 shares of company stock valued at $2,277,993. Company insiders own 0.38% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $18.33 on Friday. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 0.29 and a beta of 1.21. HP Inc. has a one year low of $18.25 and a one year high of $35.28. The stock has a 50-day simple moving average of $20.99 and a 200 day simple moving average of $24.66.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.HP’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. On average, equities research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.5%. HP’s payout ratio is presently 45.28%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HPQ. Citigroup dropped their price objective on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday. Bank of America reaffirmed an “underperform” rating and set a $20.00 price target (down previously from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. dropped their target price on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $23.62.

HP Company Profile

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.