310,679 Shares in HP Inc. $HPQ Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in HP Inc. (NYSE:HPQ) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 310,679 shares of the computer maker’s stock, valued at approximately $9,718,000.

A number of other institutional investors have also recently made changes to their positions in HPQ. Cidel Asset Management Inc. increased its position in shares of HP by 4.2% in the third quarter. Cidel Asset Management Inc. now owns 26,569 shares of the computer maker’s stock valued at $831,000 after acquiring an additional 1,068 shares during the period. MGO One Seven LLC bought a new position in shares of HP during the third quarter valued at about $629,000. Americana Partners LLC boosted its holdings in shares of HP by 0.7% during the third quarter. Americana Partners LLC now owns 239,105 shares of the computer maker’s stock worth $7,479,000 after purchasing an additional 1,632 shares during the period. Aprio Wealth Management LLC grew its stake in shares of HP by 39.6% in the third quarter. Aprio Wealth Management LLC now owns 18,898 shares of the computer maker’s stock worth $591,000 after purchasing an additional 5,359 shares during the last quarter. Finally, Avestar Capital LLC bought a new stake in shares of HP in the third quarter worth about $573,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider Anneliese Olson sold 18,997 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total value of $618,542.32. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at $5,502.64. This represents a 99.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David P. Mcquarrie sold 31,572 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the sale, the insider directly owned 8,008 shares in the company, valued at approximately $257,216.96. The trade was a 79.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,617 shares of company stock valued at $2,263,654 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on HP from $17.00 to $19.00 in a research report on Thursday, August 27th. Weiss Ratings upgraded HP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. KGI Securities boosted their target price on HP from $18.00 to $32.00 in a research note on Thursday, August 27th. Royal Bank Of Canada initiated coverage on HP in a report on Thursday, September 10th. They set a “sector perform” rating and a $33.00 target price for the company. Finally, Loop Capital raised their price target on HP from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, August 28th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.30.

HP Price Performance

Shares of NYSE HPQ opened at $29.90 on Thursday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $36.22. The company’s 50-day moving average is $31.70 and its 200 day moving average is $24.66. The stock has a market capitalization of $26.97 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.55 and a beta of 1.16.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. HP’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $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. Research analysts anticipate that HP Inc. will post 3.23 earnings per share for the current year.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP appointed Emma Walmsley as CEO, effective January 4, 2027, succeeding interim CEO Bruce Broussard. Walmsley previously led GSK and serves on Microsoft’s board; investors may view the appointment as an opportunity for fresh leadership as HP seeks to strengthen its business. Reuters: HP names Emma Walmsley as CEO
• Neutral Sentiment: HP plans to report fourth-quarter and full-year fiscal 2026 results on November 24, giving investors a near-term update on performance and outlook. HP earnings announcement
• Negative Sentiment: A global memory-chip squeeze is weighing on HP and other computer makers, potentially pressuring product availability or costs. New York Post: HP taps Emma Walmsley as CEO

HP Profile

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.