HP Inc. $HPQ Stock Position Increased by Maj Invest Holding A S

Maj Invest Holding A S raised its position in HP Inc. (NYSE:HPQ) by 15.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,543,376 shares of the computer maker’s stock after purchasing an additional 761,622 shares during the quarter. HP comprises approximately 4.7% of Maj Invest Holding A S’s investment portfolio, making the stock its 12th biggest holding. Maj Invest Holding A S owned 0.59% of HP worth $135,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its position in HP by 7.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 768,305 shares of the computer maker’s stock valued at $19,017,000 after acquiring an additional 51,706 shares during the period. Unison Advisors LLC increased its holdings in shares of HP by 1.0% during the second quarter. Unison Advisors LLC now owns 115,170 shares of the computer maker’s stock valued at $2,850,000 after purchasing an additional 1,179 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of HP by 54.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 89,927 shares of the computer maker’s stock valued at $2,200,000 after purchasing an additional 31,814 shares in the last quarter. LMG Wealth Partners LLC lifted its holdings in HP by 34.2% in the second quarter. LMG Wealth Partners LLC now owns 45,907 shares of the computer maker’s stock worth $1,123,000 after purchasing an additional 11,689 shares during the period. Finally, Cidel Asset Management Inc. grew its position in HP by 4.7% in the 2nd quarter. Cidel Asset Management Inc. now owns 12,864 shares of the computer maker’s stock valued at $315,000 after buying an additional 573 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HPQ has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.71.

HP Stock Up 1.0%

NYSE:HPQ opened at $27.65 on Tuesday. The stock has a fifty day simple moving average of $27.59 and a 200 day simple moving average of $26.15. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79.

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

HP 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.