HP Inc. $HPQ Shares Sold by KLP Kapitalforvaltning AS

by · The Cerbat Gem

KLP Kapitalforvaltning AS cut its position in HP Inc. (NYSE:HPQ – Free Report) by 34.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,816 shares of the computer maker’s stock after selling 166,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in HP were worth $8,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in HPQ. Vanguard Group Inc. boosted its stake in HP by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock worth $3,095,078,000 after purchasing an additional 2,395,056 shares during the last quarter. Dodge & Cox lifted its stake in shares of HP by 4.6% in the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after buying an additional 1,537,945 shares in the last quarter. Geode Capital Management LLC boosted its position in HP by 1.6% during the second quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock worth $638,720,000 after acquiring an additional 424,544 shares during the last quarter. Invesco Ltd. boosted its position in HP by 15.9% during the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock worth $321,573,000 after acquiring an additional 1,806,246 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in HP by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 8,066,521 shares of the computer maker’s stock valued at $197,307,000 after acquiring an additional 46,778 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HPQ shares. UBS Group set a $24.00 target price on HP in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Citigroup lowered their price objective on HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Bank of America cut their target price on HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.69.

View Our Latest Report on HP

HP Stock Up 0.2%

NYSE:HPQ opened at $21.44 on Friday. HP Inc. has a 52 week low of $20.65 and a 52 week high of $35.28. The company has a market capitalization of $19.68 billion, a P/E ratio of 8.09, a P/E/G ratio of 4.01 and a beta of 1.21. The stock’s fifty day moving average is $24.02 and its two-hundred day moving average is $25.79.

HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. 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 anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were given a dividend of $0.30 per share. This is a boost from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Thursday, December 11th. HP’s dividend payout ratio (DPR) is 45.28%.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ketan M. Patel sold 33,321 shares of HP stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares of the company’s stock, valued at $801,724.68. This trade represents a 49.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is currently owned by insiders.

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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