DNB Asset Management AS Acquires 7,498,202 Shares of HP Inc. $HPQ

DNB Asset Management AS grew its holdings in shares of HP Inc. (NYSE:HPQ) by 242.2% during the fourth quarter, Holdings Channel reports. The firm owned 10,594,630 shares of the computer maker’s stock after purchasing an additional 7,498,202 shares during the period. HP accounts for about 0.8% of DNB Asset Management AS’s portfolio, making the stock its 19th largest position. DNB Asset Management AS’s holdings in HP were worth $236,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Richardson Financial Services Inc. raised its holdings in shares of HP by 14.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after purchasing an additional 367 shares in the last quarter. Auxano Advisors LLC raised its holdings in shares of HP by 4.4% during the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after purchasing an additional 391 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 398 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after purchasing an additional 444 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of HP by 2.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock valued at $585,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 0.3%

NYSE:HPQ opened at $20.82 on Friday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55. The firm’s fifty day simple moving average is $19.62 and its 200 day simple moving average is $21.38. The firm has a market capitalization of $19.04 billion, a PE ratio of 7.89, a PEG ratio of 5.77 and a beta of 1.09.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the business posted $0.74 EPS. HP’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, analysts anticipate that HP Inc. will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley cut their price target on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Bank of America restated an “underperform” rating and set a $20.00 price target (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Citigroup lowered their target price on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, HP has an average rating of “Reduce” and a consensus price target of $21.58.

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.