HP Inc. $HPQ Shares Bought by Swedbank AB

Swedbank AB raised its position in HP Inc. (NYSE:HPQ) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 859,581 shares of the computer maker’s stock after acquiring an additional 30,069 shares during the quarter. Swedbank AB’s holdings in HP were worth $19,151,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. increased its stake in HP by 14.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after buying an additional 367 shares during the period. Auxano Advisors LLC increased its stake in HP by 4.4% in the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after buying an additional 391 shares during the period. IHT Wealth Management LLC increased its stake in HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the period. Vident Advisory LLC boosted its position 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 worth $1,702,000 after purchasing an additional 444 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its position 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 worth $585,000 after purchasing an additional 459 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HPQ shares. Bank of America restated an “underperform” rating and set a $20.00 target price (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research report on Monday. UBS Group decreased their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley decreased their target price on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company decreased their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $21.58.

HP Stock Up 8.1%

HP stock opened at $22.70 on Friday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.55. The firm’s 50-day simple moving average is $19.31 and its 200 day simple moving average is $21.60. The firm has a market capitalization of $20.76 billion, a PE ratio of 8.60, a P/E/G ratio of 5.83 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, research analysts expect that HP Inc. will post 2.84 EPS for the current fiscal year.

About HP

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.