Maj Invest Holding A S Has $110.05 Million Stock Position in HP Inc. $HPQ

Maj Invest Holding A S lessened its position in shares of HP Inc. (NYSE:HPQ) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and 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 position. Maj Invest Holding A S owned approximately 0.54% of HP worth $110,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares in the last quarter. State Street Corp boosted its stake in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after acquiring an additional 5,325,260 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of HP by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker’s stock valued at $235,627,000 after acquiring an additional 586,694 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the subject of several analyst reports. Evercore set a $22.00 price objective on HP in a report on Thursday, February 19th. UBS Group decreased their price objective on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Finally, Citigroup dropped their target price on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $21.58.

HP Stock Up 0.7%

HP stock opened at $20.96 on Tuesday. The stock has a market cap of $19.17 billion, a P/E ratio of 7.94, a P/E/G ratio of 5.78 and a beta of 1.09. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.55. The company’s 50-day moving average price is $19.65 and its two-hundred day moving average price is $21.28.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the prior year, the firm earned $0.74 EPS. The business’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities analysts anticipate 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.