Nykredit A S Buys Shares of 116,936 HP Inc. $HPQ

Nykredit A S bought a new stake in shares of HP Inc. (NYSE:HPQ) in the second quarter, Holdings Channel.com reports. The firm bought 116,936 shares of the computer maker’s stock, valued at approximately $2,566,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. IHT Wealth Management LLC increased its stake in HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares in the last quarter. Vident Advisory LLC raised its stake in shares of HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in HP by 10.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after acquiring an additional 467 shares during the last quarter. Vise Technologies Inc. lifted its stake in shares of HP by 2.4% in the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in shares of HP by 0.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after buying an additional 491 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

HP stock traded down $1.62 during mid-day trading on Tuesday, reaching $31.02. The company’s stock had a trading volume of 6,349,202 shares, compared to its average volume of 18,281,582. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.78. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.70 and a beta of 1.18. The business’s 50 day simple moving average is $27.41 and its 200 day simple moving average is $23.31.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts expect that HP Inc. will post 3.23 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is 45.80%.

Insider Buying and Selling at HP

In related news, insider David McQuarrie sold 21,048 shares of the stock in a transaction 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 sale, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore set a $32.00 price objective on shares of HP in a report on Monday, August 24th. Wells Fargo & Company lifted their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Barclays upped their price objective on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Morgan Stanley cut their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Finally, The Goldman Sachs Group raised their target price on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $25.17.

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.