PFA Pension Forsikringsaktieselskab Acquires Shares of 1,392,976 HP Inc. $HPQ

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of HP Inc. (NYSE:HPQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,392,976 shares of the computer maker’s stock, valued at approximately $31,899,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. State Street Corp raised its stake in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after buying an additional 2,651,623 shares during the last quarter. AQR Capital Management LLC raised its stake in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after buying an additional 5,325,260 shares during the last quarter. Legal & General Group Plc raised its stake in HP by 7.3% during the third quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker’s stock valued at $235,627,000 after buying an additional 586,694 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after buying an additional 5,449,691 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

HPQ stock opened at $20.82 on Monday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55. The business has a fifty day moving average price of $19.14 and a 200-day moving average price of $21.74. The stock has a market capitalization of $19.04 billion, a P/E ratio of 7.89, a P/E/G ratio of 5.79 and a beta of 1.09.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, analysts anticipate that HP Inc. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of recent research reports. Evercore set a $22.00 price objective on HP in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. UBS Group decreased their price target on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Barclays decreased their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Morgan Stanley decreased their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, HP has a consensus rating of “Reduce” and a consensus price target of $21.58.

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.