HP Inc. $HPQ Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S lessened its position in shares of HP Inc. (NYSE:HPQ) by 20.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,921,156 shares of the computer maker’s stock after selling 1,553,541 shares during the quarter. HP accounts for 8.2% of Maj Invest Holding A S’s portfolio, making the stock its 3rd biggest holding. Maj Invest Holding A S’s holdings in HP were worth $185,215,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in HP in the second quarter worth about $2,357,757,000. State Street Corp increased its position in shares of HP by 1.5% during the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock valued at $1,174,855,000 after purchasing an additional 757,961 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of HP during the 2nd quarter valued at about $545,984,000. Pacer Advisors Inc. increased its position in shares of HP by 42.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker’s stock valued at $175,689,000 after purchasing an additional 2,741,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HP by 3.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock worth $191,682,000 after purchasing an additional 254,828 shares during the period. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HPQ. Bank of America reissued an “underperform” rating on shares of HP in a report on Thursday, August 27th. The Goldman Sachs Group upped their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Barclays increased their price target on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Morgan Stanley dropped their price target on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, August 24th. Finally, Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $25.42.

Insiders Place Their Bets

In other HP news, insider David McQuarrie sold 31,572 shares of HP stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the transaction, the insider owned 8,008 shares of the company’s stock, valued at $257,216.96. The trade was a 79.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 63,144 shares of company stock worth $1,938,521 over the last quarter. 0.18% of the stock is owned by insiders.

HP Stock Down 3.4%

Shares of HPQ opened at $32.44 on Thursday. The business has a 50-day simple moving average of $31.70 and a two-hundred day simple moving average of $24.45. HP Inc. has a 52 week low of $17.56 and a 52 week high of $36.22. The stock has a market cap of $29.25 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.75 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $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, equities analysts anticipate that HP Inc. will post 3.23 earnings per share for the current fiscal year.

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.