Nykredit A S Acquires New Shares in HP Inc. $HPQ

Key Points

• Institutional investors increased exposure to HP: Nykredit acquired 126,485 shares worth approximately $2.8 million, while several other major funds also initiated or expanded positions. Institutional investors now own 77.53% of HP’s stock.
• HP delivered better-than-expected quarterly results: The company reported $0.83 in adjusted EPS and $15.68 billion in revenue, exceeding analyst estimates, with revenue up 12.5% year over year. HP guided for fiscal 2026 EPS of $3.19–$3.29.
• Shares have risen, but analyst sentiment remains cautious: HP stock opened at $32.66 near its 52-week high, while the consensus analyst rating is “Reduce” with a $25.17 price target. HP also declared a quarterly dividend of $0.30 per share, representing a 3.7% yield.

Nykredit A S acquired a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,485 shares of the computer maker's stock, valued at approximately $2,775,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of HP in the second quarter worth about $2,357,757,000. Primecap Management Co. CA purchased a new position in HP during the second quarter valued at approximately $545,984,000. Legal & General Group Plc bought a new stake in HP during the 2nd quarter worth approximately $180,689,000. DNB Asset Management AS lifted its stake in HP by 242.2% in the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock worth $236,048,000 after purchasing an additional 7,498,202 shares in the last quarter. Finally, Man Group plc bought a new position in HP in the 2nd quarter valued at $149,223,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Activity at HP

In related news, insider David McQuarrie sold 21,048 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company's stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

HP Price Performance

Shares of NYSE:HPQ opened at $32.66 on Monday. The company's fifty day moving average price is $27.21 and its 200-day moving average price is $23.21. The firm has a market capitalization of $29.45 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.70 and a beta of 1.18. HP Inc. has a one year low of $17.56 and a one year high of $32.78.

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

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 9th. HP's dividend payout ratio is presently 45.80%.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of HP from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, August 24th. JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Sanford C. Bernstein restated a "market perform" rating and set a $32.00 target price on shares of HP in a research report on Thursday, August 27th. Citigroup upped their target price on HP from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised HP from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, HP currently has an average rating of "Reduce" and a consensus price target of $25.17.

About HP

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.

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