Neuberger Berman Group LLC Cuts Holdings in HP Inc. $HPQ

Neuberger Berman Group LLC lessened its stake in HP Inc. (NYSE:HPQ) by 25.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 232,524 shares of the computer maker’s stock after selling 81,431 shares during the quarter. Neuberger Berman Group LLC’s holdings in HP were worth $5,688,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its stake in HP by 10.7% in the second quarter. Coppell Advisory Solutions LLC now owns 9,685 shares of the computer maker’s stock worth $240,000 after acquiring an additional 938 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of HP by 28.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,493 shares of the computer maker’s stock valued at $159,000 after purchasing an additional 1,426 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of HP in the 2nd quarter valued at $56,000. FORA Capital LLC lifted its position in shares of HP by 44.2% during the 2nd quarter. FORA Capital LLC now owns 222,113 shares of the computer maker’s stock worth $5,433,000 after purchasing an additional 68,110 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of HP by 484.5% during the second quarter. Headlands Technologies LLC now owns 32,387 shares of the computer maker’s stock worth $792,000 after purchasing an additional 26,846 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 16,726 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider owned 169 shares in the company, valued at approximately $4,196.27. This represents a 99.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the transaction, the chief executive officer directly owned 141,456 shares in the company, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 111,084 shares of company stock valued at $2,931,884 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

HP Stock Down 2.6%

HPQ opened at $24.75 on Monday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $35.28. The business’s 50 day moving average is $25.89 and its two-hundred day moving average is $26.07. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 4.64 and a beta of 1.22.

HP (NYSE:HPQ) last announced its 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 business had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a $0.30 dividend. This is a boost from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, December 11th. HP’s dividend payout ratio (DPR) is presently 45.28%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HPQ. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. The Goldman Sachs Group dropped their price objective on HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Barclays cut their target price on HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Finally, Bank of America dropped their price target on shares of HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, HP currently has an average rating of “Hold” and a consensus price target of $25.69.

HP Company 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.