HP Inc. $HPQ Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its stake in shares of HP Inc. (NYSE:HPQ) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,489,344 shares of the computer maker’s stock after selling 77,719 shares during the period. Nordea Investment Management AB owned approximately 0.16% of HP worth $36,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. grew its holdings in shares of HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after purchasing an additional 1,829,411 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after purchasing an additional 724,020 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock valued at $228,204,000 after purchasing an additional 189,969 shares in the last quarter. Nuveen LLC acquired a new position in shares of HP in the first quarter valued at approximately $179,037,000. Finally, American Century Companies Inc. grew its holdings in shares of HP by 7.4% in the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker’s stock valued at $147,006,000 after purchasing an additional 367,418 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company’s stock.

HP Trading Up 0.7%

Shares of HP stock opened at $27.39 on Friday. The company has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $26.10. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.20 and a beta of 1.29.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Barclays lowered their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.71.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.