Mitsubishi Increases Stake in HP Inc. by 7.4%, Now Owns $40.33 Million.

Mitsubishi UFJ Trust & Banking Corporation has boosted its investment in HP Inc. by 7.4% during the third quarter of 2023, adding 101,844 shares to its portfolio. The financial institution now holds a total of 1,481,211 shares of HP, valued at approximately $40.33 million. This represents about 0.16% of HP’s total outstanding shares.

The increase in holdings reflects Mitsubishi UFJ Trust & Banking’s growing confidence in HP’s performance, as the company continues to navigate the competitive technology and printing sectors. While 0.16% may seem like a small portion, the value of the stake demonstrates a significant commitment, with HP’s stock being a key part of their broader investment strategy. This move aligns with the continued interest from institutional investors in HP, as the company works to strengthen its position in the global market.