Nykredit A S Makes New Investment in HP Inc. $HPQ

Key Points

• Nykredit A/S acquired 116,936 HP shares during the second quarter, valued at approximately $2.6 million. Institutional investors and hedge funds collectively own 77.53% of HP.
• HP reported stronger-than-expected quarterly results, with earnings of $0.83 per share and revenue of $15.68 billion, up 12.5% year over year. The company guided to fiscal 2026 EPS of $3.19–$3.29.
• HP declared a quarterly dividend of $0.30 per share, representing an annualized yield of about 3.9%. Despite mixed analyst views, the stock was trading near its 52-week high, while insiders have sold shares recently.

Nykredit A S acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 116,936 shares of the computer maker's stock, valued at approximately $2,566,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SHP Wealth Management purchased a new position in shares of HP in the fourth quarter valued at approximately $26,000. Union Savings Bank purchased a new stake in HP during the fourth quarter worth approximately $28,000. DV Equities LLC acquired a new position in shares of HP in the 4th quarter valued at $29,000. Aberdeen Wealth Management LLC acquired a new position in HP in the second quarter valued at $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in HP during the 4th quarter worth approximately $32,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Down 5.0%

Shares of NYSE HPQ traded down $1.62 during midday trading on Tuesday, hitting $31.02. The stock had a trading volume of 6,349,202 shares, compared to its average volume of 18,281,582. The company has a fifty day moving average price of $27.41 and a 200 day moving average price of $23.31. HP Inc. has a 1-year low of $17.56 and a 1-year high of $32.78. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.70 and a beta of 1.18.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share 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 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 company earned $0.75 EPS. The firm's revenue was up 12.5% on a year-over-year basis. 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, research analysts forecast that HP Inc. will post 3.23 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued 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 dividend payout ratio (DPR) is presently 45.80%.

Analysts Set New Price Targets

HPQ has been the topic of several research reports. Citigroup raised their price objective on shares of HP from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on HP from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Morgan Stanley lowered their price target on HP from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday, August 24th. Wall Street Zen upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Finally, The Goldman Sachs Group raised their price target on HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. Two equities research 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. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $25.17.

Insider Activity

In related news, insider David McQuarrie sold 21,048 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 over the last 90 days. 0.18% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.