Andra AP fonden Purchases Shares of 109,723 HP Inc. $HPQ

Key Points

• Andra AP fonden acquired 109,723 HP shares during the second quarter, valued at approximately $2.4 million. Institutional investors and hedge funds collectively own 77.53% of HP.
• Analysts maintain a consensus “Hold” rating with an average price target of $25.77, below HP’s reported opening price of $32.14. Ratings include three Strong Buys, eight Holds, and five Sells.
• HP exceeded quarterly expectations, reporting $0.83 in adjusted EPS and $15.68 billion in revenue, with revenue up 12.5% year over year. The company issued fiscal 2026 EPS guidance of $3.19 to $3.29.

Andra AP fonden acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 109,723 shares of the computer maker's stock, valued at approximately $2,407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HPQ. BlackRock Inc. acquired a new position in shares of HP during the second quarter worth $2,357,757,000. State Street Corp lifted its stake in HP by 1.5% during the second quarter. State Street Corp now owns 52,843,678 shares of the computer maker's stock worth $1,174,855,000 after purchasing an additional 757,961 shares during the last quarter. Geode Capital Management LLC lifted its stake in HP by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker's stock worth $607,373,000 after purchasing an additional 274,033 shares during the last quarter. Primecap Management Co. CA acquired a new position in HP in the second quarter valued at approximately $545,984,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of HP by 12.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,427,979 shares of the computer maker's stock valued at $210,055,000 after buying an additional 1,049,256 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HPQ shares. Citigroup boosted their price target on shares of HP from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. UBS Group increased their price objective on HP from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Evercore set a $32.00 target price on shares of HP in a research report on Monday, August 24th. The Goldman Sachs Group lifted 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. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $32.00 target price on shares of HP in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.77.

HP Price Performance

Shares of HPQ stock opened at $32.14 on Thursday. The firm has a market capitalization of $28.98 billion, a PE ratio of 12.27, a P/E/G ratio of 1.66 and a beta of 1.18. HP Inc. has a 1-year low of $17.56 and a 1-year high of $36.22. The business's fifty day moving average price is $29.81 and its 200 day moving average price is $24.54.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate 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 was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities research analysts expect that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 21,048 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the sale, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 42,096 shares of company stock worth $1,218,890 over the last ninety days. Insiders own 0.18% of the company's stock.

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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