Norges Bank Acquires Shares of 6,701,459 HP Inc. $HPQ

Posted by on Jun 4th, 2026

Norges Bank acquired a new stake in HP Inc. (NYSE:HPQ – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 6,701,459 shares of the computer maker’s stock, valued at approximately $149,309,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC raised its holdings in HP by 8.4% in the 3rd quarter. Applied Finance Capital Management LLC now owns 1,217,071 shares of the computer maker’s stock valued at $33,139,000 after acquiring an additional 94,494 shares in the last quarter. Vanguard Group Inc. raised its holdings in HP by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after acquiring an additional 2,435,634 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in HP by 34.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 400,020 shares of the computer maker’s stock valued at $10,685,000 after acquiring an additional 102,825 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in HP by 8.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after acquiring an additional 157,464 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC acquired a new position in HP in the 3rd quarter valued at $22,601,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

HP stock opened at $26.05 on Thursday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The stock has a market capitalization of $23.82 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 4.60 and a beta of 1.17. The stock has a fifty day moving average of $21.14 and a 200-day moving average of $21.17.

HP (NYSE:HPQ – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, research analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. HP’s payout ratio is currently 44.28%.

Analyst Upgrades and Downgrades

HPQ has been the subject of several analyst reports. Citigroup lifted their price objective on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Bank of America lifted their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley boosted their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, HP has an average rating of “Reduce” and an average price target of $23.33.

Check Out Our Latest Stock Report on HPQ

HP Profile

(Free Report)

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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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