Nordea Investment Management AB Has $28.17 Million Holdings in HP Inc. $HPQ

Nordea Investment Management AB trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 29.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,046,554 shares of the computer maker’s stock after selling 442,790 shares during the period. Nordea Investment Management AB’s holdings in HP were worth $28,168,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of HP by 5.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,584 shares of the computer maker’s stock worth $887,000 after acquiring an additional 1,550 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in HP by 0.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,282,593 shares of the computer maker’s stock worth $62,155,000 after purchasing an additional 8,887 shares during the last quarter. First Horizon Corp bought a new stake in HP during the third quarter worth approximately $5,573,000. MGO One Seven LLC acquired a new position in HP during the third quarter valued at approximately $267,000. Finally, Sterneck Capital Management LLC acquired a new position in HP during the third quarter valued at approximately $202,000. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

NYSE HPQ opened at $20.76 on Thursday. HP Inc. has a twelve month low of $20.65 and a twelve month high of $35.28. The stock has a market cap of $19.06 billion, a PE ratio of 7.83, a PEG ratio of 3.95 and a beta of 1.21. The firm has a 50-day simple moving average of $23.69 and a 200 day simple moving average of $25.72.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.8%. This is an increase from HP’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, December 11th. HP’s dividend payout ratio (DPR) is 45.28%.

Analyst Ratings Changes

Several analysts recently issued reports on HPQ shares. Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Morgan Stanley dropped their price objective on HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. decreased their target price on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus target price of $25.46.

Insider Buying and Selling

In other 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 transaction of $506,133.52. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Enrique Lores sold 41,922 shares of HP stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the sale, the chief executive officer owned 141,456 shares in the company, valued at approximately $3,677,856. This trade represents a 22.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 110,123 shares of company stock valued at $2,784,126 over the last ninety days. 0.38% of the stock is owned by company insiders.

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.