BlackRock Updates HP Inc. Stake in SC 13G/A Filing

TL;DR

**BlackRock just updated its HP Inc. holdings, signaling its current institutional position.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of HP Inc. common stock as of December 31, 2023. This filing, Amendment No. 10, updates BlackRock's previous disclosures regarding its stake in HP Inc. For investors, this matters because BlackRock is a major institutional investor, and changes in its reported holdings can signal shifts in its investment strategy or outlook on HP Inc.'s future performance.

Why It Matters

This filing shows BlackRock's continued significant, albeit potentially adjusted, ownership in HP Inc., which can influence market perception and investor confidence in the stock.

Risk Assessment

Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present a direct risk to investors.

Analyst Insight

An investor should note BlackRock's continued presence as a major shareholder in HP Inc., but this filing alone doesn't provide enough detail to infer a specific bullish or bearish action. It's a routine update of institutional ownership.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• HP Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 10 (number) — the specific amendment number of the filing

FAQ

From the Filing

0001086364-24-002261.txt : 20240124 0001086364-24-002261.hdr.sgml : 20240124 20240124142713 ACCESSION NUMBER: 0001086364-24-002261 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HP INC CENTRAL INDEX KEY: 0000047217 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 941081436 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12061 FILM NUMBER: 24555815 BUSINESS ADDRESS: STREET 1: 1501 PAGE MILL ROAD CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 6508571501 MAIL ADDRESS: STREET 1: 1501 PAGE MILL ROAD CITY: PALO ALTO STATE: CA ZIP: 94304 FORMER COMPANY: FORMER CONFORMED NAME: HEWLETT PACKARD CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us40434l1052_012424.txt us40434l1052_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 10) HP INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 40434L105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 40434L105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 86531582 (6) Shared voting power 0 (7) Sole dispositive power 96713356 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 96713356 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- HP INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1501 PAGE MILL ROAD PALO ALTO CA 94304 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, resid