HP Inc. (NYSE:HPQ) Holdings Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 17.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,775 shares of the computer maker's stock after purchasing an additional 56,819 shares during the period. Assenagon Asset Management S.A.'s holdings in HP were worth $10,793,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of HP during the fourth quarter valued at approximately $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in shares of HP during the fourth quarter valued at approximately $37,000. CoreCap Advisors LLC raised its stake in shares of HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after purchasing an additional 587 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of HP during the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

HP Trading Down 3.6%

HP stock traded down $0.89 during mid-day trading on Friday, reaching $23.85. The company's stock had a trading volume of 7,081,796 shares, compared to its average volume of 7,859,570. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 2.96 and a beta of 1.30. The business has a 50 day moving average price of $25.73 and a 200-day moving average price of $29.82. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The company had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $13.09 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Wednesday, September 10th. HP's payout ratio is 44.40%.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of recent analyst reports. TD Cowen decreased their price target on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. KGI Securities initiated coverage on shares of HP in a research report on Thursday, May 29th. They set a "neutral" rating for the company. Finally, UBS Group decreased their price target on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $29.54.

About HP

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.