HP Inc. $HPQ Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. raised its position in shares of HP Inc. (NYSE:HPQ) by 1,295.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 631,996 shares of the computer maker’s stock after buying an additional 586,692 shares during the period. Panagora Asset Management Inc.’s holdings in HP were worth $15,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HPQ. State of Alaska Department of Revenue grew its position in HP by 36.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after acquiring an additional 75,895 shares in the last quarter. LBP AM SA acquired a new stake in shares of HP during the second quarter worth about $7,279,000. Jump Financial LLC purchased a new position in shares of HP in the first quarter valued at approximately $6,359,000. Resona Asset Management Co. Ltd. grew its holdings in shares of HP by 6.1% in the second quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock valued at $7,825,000 after purchasing an additional 18,240 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in HP by 3.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock worth $10,824,000 after buying an additional 13,686 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Up 3.0%

Shares of HPQ stock opened at $25.12 on Wednesday. The company has a market cap of $23.48 billion, a P/E ratio of 9.17, a PEG ratio of 2.23 and a beta of 1.22. The firm has a fifty day moving average price of $26.13 and a 200 day moving average price of $26.24. HP Inc. has a 12 month low of $21.21 and a 12 month high of $36.93.

HP (NYSE:HPQ) last announced 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. The company had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $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 analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. This is a positive change from HP’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 11th. HP’s dividend payout ratio is currently 45.28%.

Insider Activity at HP

In other news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the transaction, the insider owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Enrique Lores sold 34,282 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Morgan Stanley reduced their price objective on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 26th. UBS Group set a $24.00 target price on HP in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Finally, Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, HP presently has a consensus rating of “Hold” and a consensus price target of $25.69.

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.