DnB Asset Management AS Has $59.59 Million Stock Holdings in HP Inc. $HPQ

Key Points

• DnB Asset Management AS increased its stake in HP Inc. by 54.2% in the first quarter, owning approximately 2.15 million shares valued at $59.6 million.
• HP's recent earnings report revealed an EPS of $0.75, matching analysts' expectations, with quarterly revenue of $13.93 billion, marking a 3.1% year-over-year increase.
• The stock currently has an average rating of "Hold" from analysts, with a consensus target price of $29.96.

DnB Asset Management AS increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 54.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,152,019 shares of the computer maker's stock after buying an additional 756,378 shares during the quarter. DnB Asset Management AS owned 0.23% of HP worth $59,589,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in HP during the first quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in HP during the first quarter worth about $35,000. Iron Horse Wealth Management LLC acquired a new stake in HP during the first quarter worth about $39,000. Financial Freedom LLC grew its position in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after buying an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after buying an additional 947 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

Shares of NYSE:HPQ traded up $0.02 during trading on Monday, reaching $29.36. The stock had a trading volume of 8,040,237 shares, compared to its average volume of 8,413,262. The business's 50-day moving average price is $26.20 and its 200 day moving average price is $26.54. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The stock has a market capitalization of $27.44 billion, a PE ratio of 10.71, a P/E/G ratio of 2.36 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter in the previous year, the company posted $0.83 EPS. HP's revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is 42.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. Barclays decreased their price objective on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price objective on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Morgan Stanley decreased their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. Finally, Citigroup decreased their price objective on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, HP has an average rating of "Hold" and an average target price of $29.96.

HP 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.