Maj Invest Holding A S lessened its holdings in shares of HP Inc. (NYSE:HPQ – Free Report) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,939,374 shares of the computer maker’s stock after selling 814,764 shares during the period. HP comprises 5.1% of Maj Invest Holding A S’s holdings, making the stock its 10th largest holding. Maj Invest Holding A S’s holdings in HP were worth $110,051,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in shares of HP during the 3rd quarter worth approximately $28,000. Caitlin John LLC acquired a new stake in shares of HP during the 3rd quarter worth approximately $30,000. Garner Asset Management Corp acquired a new stake in shares of HP during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $26,000. Finally, Sound Income Strategies LLC boosted its position in shares of HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.
Analysts Set New Price Targets
HPQ has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of HP in a research report on Monday, May 4th. Morgan Stanley reduced their price target on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wells Fargo & Company reduced their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group reduced their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $21.58.
HP Stock Performance
HPQ stock opened at $20.96 on Tuesday. The company has a fifty day moving average price of $19.65 and a 200-day moving average price of $21.28. The company has a market capitalization of $19.17 billion, a P/E ratio of 7.94, a PEG ratio of 5.78 and a beta of 1.09. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55.
HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, sell-side analysts forecast that HP Inc. will post 2.84 earnings per share for the current fiscal year.
HP Profile
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.
Featured Articles
- Five stocks we like better than HP
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ – Free Report).
Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.
