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

Maj Invest Holding A S decreased its position in HP Inc. (NYSE:HPQ) by 20.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,921,156 shares of the computer maker’s stock after selling 1,553,541 shares during the quarter. HP makes up 8.2% of Maj Invest Holding A S’s portfolio, making the stock its 3rd biggest position. Maj Invest Holding A S’s holdings in HP were worth $185,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HPQ. North Point Portfolio Managers Corp OH purchased a new position in HP during the 3rd quarter valued at about $28,000. Compass Wealth Management LLC purchased a new stake in HP in the third quarter worth about $38,000. Ashton Thomas Securities LLC purchased a new stake in HP in the third quarter worth about $39,000. Aberdeen Wealth Management LLC purchased a new stake in HP in the second quarter worth about $29,000. Finally, MCF Advisors LLC increased its stake in shares of HP by 149.0% during the second quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of a number of analyst reports. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Weiss Ratings upgraded HP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Royal Bank Of Canada initiated coverage on HP in a research report on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price objective for the company. Evercore set a $32.00 price objective on HP in a research note on Monday, August 24th. Finally, Bank of America reiterated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $25.42.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 31,572 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the transaction, the insider owned 8,008 shares in the company, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 63,144 shares of company stock valued at $1,938,521. 0.18% of the stock is currently owned by insiders.

HP Stock Performance

Shares of NYSE HPQ opened at $32.44 on Thursday. The firm’s 50 day moving average price is $31.70 and its 200-day moving average price is $24.45. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22. The company has a market cap of $29.25 billion, a PE ratio of 12.38, a P/E/G ratio of 1.75 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that HP Inc. will post 3.23 earnings per share for the current fiscal year.

About HP

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.