Assenagon Asset Management S.A. Trims Stock Holdings in HP Inc. $HPQ

Assenagon Asset Management S.A. lowered its stake in shares of HP Inc. (NYSE:HPQ) by 94.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,837 shares of the computer maker’s stock after selling 1,325,945 shares during the period. Assenagon Asset Management S.A.’s holdings in HP were worth $1,578,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in shares of HP by 47.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 40,434 shares of the computer maker’s stock worth $989,000 after buying an additional 12,985 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in shares of HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after buying an additional 1,009 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of HP by 9.2% during the second quarter. J.W. Cole Advisors Inc. now owns 27,999 shares of the computer maker’s stock valued at $685,000 after buying an additional 2,357 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in HP during the second quarter worth approximately $27,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in HP by 18.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,228 shares of the computer maker’s stock worth $1,595,000 after acquiring an additional 10,354 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several analyst reports. Wells Fargo & Company cut their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Bank of America restated an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a research report on Monday, December 1st. Morgan Stanley dropped their target price on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Citigroup reduced their target price on HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, HP presently has a consensus rating of “Reduce” and an average target price of $21.58.

HP Stock Performance

Shares of HPQ stock opened at $19.04 on Tuesday. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 5.40 and a beta of 1.18. HP Inc. has a one year low of $17.56 and a one year high of $29.55. The company has a 50 day moving average price of $19.04 and a 200 day moving average price of $23.00.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The company had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is 45.45%.

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.