HP Inc. $HPQ Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in HP Inc. (NYSE:HPQ) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 310,679 shares of the computer maker’s stock, valued at approximately $9,718,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of HP during the second quarter valued at approximately $2,357,757,000. Primecap Management Co. CA purchased a new stake in shares of HP in the 2nd quarter worth approximately $545,984,000. Legal & General Group Plc purchased a new stake in shares of HP in the 2nd quarter worth approximately $180,689,000. Man Group plc purchased a new stake in shares of HP in the 2nd quarter worth approximately $149,223,000. Finally, Deutsche Bank AG bought a new position in HP during the 2nd quarter valued at approximately $140,172,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 5.8%

Shares of HPQ opened at $29.90 on Thursday. The company has a market capitalization of $26.97 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The firm has a 50 day moving average of $31.70 and a 200 day moving average of $24.66. HP Inc. has a twelve month low of $17.56 and a twelve month high of $36.22.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The company 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%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. 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, sell-side analysts expect that HP Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

HPQ has been the subject of a number of recent research reports. KGI Securities lifted their price objective on HP from $18.00 to $32.00 in a research note on Thursday, August 27th. The Goldman Sachs Group increased their target price on HP from $21.00 to $22.00 and gave the stock a “sell” rating in a research note on Monday, August 31st. TD Cowen raised their price target on HP from $26.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, August 27th. Weiss Ratings raised HP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.30.

More HP News

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

Insiders Place Their Bets

In other news, insider Anneliese Olson sold 18,997 shares of the business’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 completion of the transaction, the insider owned 169 shares in the company, valued at $5,502.64. The trade was a 99.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 71,617 shares of company stock valued at $2,263,654. Corporate insiders own 0.18% of the company’s stock.

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.