Danske Bank A S Makes New Investment in HP Inc. $HPQ

Danske Bank A S purchased a new position in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 597,109 shares of the computer maker’s stock, valued at approximately $13,101,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HPQ. BlackRock Inc. bought a new stake in HP in the second quarter worth $2,357,757,000. DNB Asset Management AS lifted its position in shares of 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 buying an additional 7,498,202 shares during the last quarter. Norges Bank bought a new stake in shares of HP during the 4th quarter worth about $149,309,000. Deutsche Bank AG acquired a new position in shares of HP during the 2nd quarter valued at about $140,172,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after acquiring an additional 5,449,691 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.7%

Shares of HPQ stock opened at $29.42 on Friday. The firm has a market capitalization of $26.91 billion, a P/E ratio of 10.86, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $22.35.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend 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 (DPR) is 44.28%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HPQ shares. The Goldman Sachs Group increased their price target on HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. UBS Group raised their target price on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. TD Cowen raised their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley lifted their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $23.50.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 in the last 90 days. Insiders own 0.18% of the company’s stock.

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.