Envestnet Asset Management Inc. Reduces Position in HP Inc. $HPQ

Envestnet Asset Management Inc. trimmed its holdings in HP Inc. (NYSE:HPQ) by 33.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,037,576 shares of the computer maker’s stock after selling 525,201 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of HP worth $28,253,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HPQ. Laurel Wealth Advisors LLC grew its holdings in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in HP in the second quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new stake in shares of HP in the third quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its position in HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after acquiring an additional 512 shares during the period. Finally, Corsicana & Co. acquired a new position in shares of HP during the 3rd quarter worth about $33,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity

In related news, 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 completion of the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the sale, the insider owned 34,572 shares in the company, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 91,969 shares of company stock worth $2,277,993. Corporate insiders own 0.38% of the company’s stock.

HP Trading Down 4.5%

HPQ opened at $18.87 on Friday. The stock’s 50-day moving average price is $21.66 and its 200 day moving average price is $24.88. HP Inc. has a 12-month low of $18.26 and a 12-month high of $35.28. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.31 and a beta of 1.21.

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 for the quarter, compared to analyst estimates of $14.50 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. 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, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.4%. HP’s dividend payout ratio is currently 45.28%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. TD Cowen dropped their price objective on shares of HP from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group downgraded shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 target price on the stock. in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Finally, 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 report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $24.31.

About HP

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.