Danske Bank A S Purchases Shares of 597,109 HP Inc. $HPQ

Danske Bank A S purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 597,109 shares of the computer maker’s stock, valued at approximately $13,101,000. Danske Bank A S owned 0.07% of HP as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after purchasing an additional 157,464 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of HP during the fourth quarter valued at $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after purchasing an additional 103,175 shares during the last quarter. Finally, BNP Paribas boosted its position in shares of HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after purchasing an additional 128,296 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.7%

Shares of HP stock opened at $29.42 on Friday. The stock has a 50-day moving average price of $25.69 and a 200 day moving average price of $22.35. The company has a market cap of $26.91 billion, a P/E ratio of 10.86, a P/E/G ratio of 5.05 and a beta of 1.17. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. HP’s dividend payout ratio is presently 44.28%.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HPQ shares. The Goldman Sachs Group lifted their price target on HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. TD Cowen raised their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Bank of America lifted their target price on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Barclays boosted their price target on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company upped their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, HP currently has an average rating of “Reduce” and a consensus target price of $23.50.

HP Company Profile

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.