Cibc World Markets Corp Increases Stake in HP Inc. (NYSE:HPQ)
Cibc World Markets Corp has significantly increased its stake in HP Inc. (NYSE:HPQ) by 134.9% during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 112,495 shares of HP’s stock, valued at $3,385,000. This move indicates a strong vote of confidence in the computer maker.
Other major investors have also shown interest in HPQ, with Vanguard Group Inc. increasing its position by 12.3% and Norges Bank acquiring a new stake in the company. Insider activity at HP includes Director Robert R. Bennett selling 67,000 shares, and analysts setting new price targets, with most giving the stock a positive rating.
HP Inc. has shown steady performance, with a 52-week low of $25.22 and a high of $39.52. The company reported a positive quarterly earnings result, beating analysts’ estimates. Additionally, HP announced a quarterly dividend to be paid out soon. The company’s profile highlights its focus on providing products, technologies, and services to a wide range of customers globally.
Overall, HP Inc. continues to be a strong player in the market, attracting the attention of both investors and analysts. With a positive outlook and strategic growth initiatives, HP remains a key player in the industry.
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