Varma Mutual Pension Insurance Co Makes New Investment in HP Inc. $HPQ

Varma Mutual Pension Insurance Co bought a new stake in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 370,247 shares of the computer maker’s stock, valued at approximately $8,123,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in HP during the 2nd quarter valued at about $2,357,757,000. DNB Asset Management AS lifted its stake in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after purchasing an additional 7,498,202 shares during the last quarter. Norges Bank bought a new stake in HP in the fourth quarter worth about $149,309,000. Deutsche Bank AG purchased a new position in shares of HP during the second quarter valued at approximately $140,172,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after buying an additional 5,449,691 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $29.76 on Monday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 5.01 and a beta of 1.17. The stock has a 50 day moving average price of $25.78 and a 200 day moving average price of $22.42.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. HP’s payout ratio is currently 44.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America increased their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Wells Fargo & Company lifted their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $23.50.

Insider Buying and Selling at HP

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

HP 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.