Varma Mutual Pension Insurance Co Buys Shares of 370,247 HP Inc. $HPQ

Varma Mutual Pension Insurance Co bought a new position in HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 370,247 shares of the computer maker’s stock, valued at approximately $8,123,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPQ. Garner Asset Management Corp purchased a new stake in HP in the fourth quarter valued at about $25,000. SHP Wealth Management purchased a new stake in shares of HP during the fourth quarter worth about $26,000. Union Savings Bank purchased a new position in shares of HP in the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new position in shares of HP in the 4th quarter valued at approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HP in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,620 shares of company stock valued at $1,478,622. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HPQ. The Goldman Sachs Group boosted their target price on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. TD Cowen lifted their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Morgan Stanley upped their target price on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their target price on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, HP presently has an average rating of “Reduce” and a consensus target price of $23.50.

HP Price Performance

HPQ stock opened at $29.76 on Monday. The company has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The firm’s fifty day simple moving average is $25.78 and its 200-day simple moving average is $22.42.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, sell-side analysts forecast that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. HP’s dividend payout ratio (DPR) is presently 44.28%.

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.