Varma Mutual Pension Insurance Co Acquires 27,300 Shares of HP Inc. $HPQ

Varma Mutual Pension Insurance Co increased its stake in shares of HP Inc. (NYSE:HPQ) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,947 shares of the computer maker’s stock after buying an additional 27,300 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in HP were worth $9,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of HP during the 2nd quarter worth $91,698,000. Qube Research & Technologies Ltd acquired a new stake in HP during the second quarter worth about $74,385,000. Vanguard Group Inc. increased its holdings in HP by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock valued at $3,095,078,000 after buying an additional 2,395,056 shares during the period. First Trust Advisors LP lifted its holdings in shares of HP by 93.9% during the 2nd quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker’s stock worth $119,226,000 after acquiring an additional 2,360,678 shares during the period. Finally, Schroder Investment Management Group increased its stake in HP by 76.2% in the second quarter. Schroder Investment Management Group now owns 4,662,544 shares of the computer maker’s stock valued at $114,046,000 after acquiring an additional 2,016,756 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Up 2.0%

Shares of HPQ stock opened at $19.25 on Friday. The stock has a 50-day moving average of $21.53 and a 200-day moving average of $24.84. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 0.29 and a beta of 1.21. HP Inc. has a 1-year low of $18.26 and a 1-year high of $35.28.

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

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is currently 45.28%.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group cut shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 price objective for the company. in a research report on Tuesday, January 13th. Bank of America reiterated an “underperform” rating and set a $20.00 price target (down from $26.00) on shares of HP in a report on Tuesday, February 3rd. Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $24.31.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider directly owned 169 shares of the company’s stock, valued at $4,196.27. The trade was a 99.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the sale, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at $3,677,856. This represents a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 91,969 shares of company stock valued at $2,277,993. Corporate insiders own 0.38% of the company’s stock.

HP Company 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.