Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 31,800 Shares of HP Inc. $HPQ

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in HP Inc. (NYSE:HPQ) by 25.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,299 shares of the computer maker’s stock after purchasing an additional 31,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in HP were worth $3,823,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its holdings in shares of HP by 36.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after acquiring an additional 75,895 shares during the period. Meritage Portfolio Management lifted its holdings in shares of HP by 37.8% during the 1st quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker’s stock worth $3,894,000 after acquiring an additional 38,568 shares during the period. Jump Financial LLC bought a new position in shares of HP during the 1st quarter worth about $6,359,000. Longfellow Investment Management Co. LLC bought a new position in shares of HP during the 1st quarter worth about $627,000. Finally, Maj Invest Holding A S lifted its holdings in shares of HP by 15.9% during the 2nd quarter. Maj Invest Holding A S now owns 5,543,376 shares of the computer maker’s stock worth $135,591,000 after acquiring an additional 761,622 shares during the period. 77.53% of the stock is owned by institutional investors.

Insider Activity

In other HP news, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider owned 169 shares in the company, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.38% of the company’s stock.

HP Trading Down 0.8%

HPQ opened at $27.49 on Friday. The stock has a market capitalization of $25.70 billion, a PE ratio of 10.03, a PEG ratio of 2.23 and a beta of 1.29. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The firm has a 50-day moving average price of $27.75 and a two-hundred day moving average price of $26.39.

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

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Barclays reduced their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. HSBC set a $30.00 target price on shares of HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Evercore ISI reiterated an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. Finally, Sanford C. Bernstein started coverage on shares of HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HP presently has an average rating of “Hold” and an average price target of $28.71.

About HP

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.