AG2R LA Mondiale Gestion D Actifs Boosts Stock Position in HP Inc. $HPQ

AG2R LA Mondiale Gestion D Actifs grew its stake in HP Inc. (NYSE:HPQ) by 7.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,619 shares of the computer maker’s stock after purchasing an additional 3,124 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in HP were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. grew its position in shares of HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after purchasing an additional 1,829,411 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock worth $277,265,000 after acquiring an additional 724,020 shares during the period. Deutsche Bank AG grew its position in HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock worth $228,204,000 after acquiring an additional 189,969 shares during the period. Nuveen LLC purchased a new position in HP in the first quarter worth approximately $179,037,000. Finally, Maj Invest Holding A S grew its position in HP by 15.9% in the second quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock worth $135,591,000 after acquiring an additional 761,622 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research report on Saturday. Sanford C. Bernstein assumed coverage on HP in a research report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group increased their price objective on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. cut HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, HP has an average rating of “Hold” and a consensus target price of $28.71.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

HP Trading Down 0.6%

Shares of NYSE HPQ opened at $27.67 on Monday. The stock has a market cap of $25.87 billion, a P/E ratio of 10.10, a PEG ratio of 2.22 and a beta of 1.29. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The business’s fifty day simple moving average is $27.66 and its 200-day simple moving average is $26.29.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

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.