3 STORIES: BlackRock Bets $2.36 Billion on HP as Deutsche Bank Buys In and HP Wins NZ Pricing Approval.

HP Inc. is drawing major institutional attention after BlackRock disclosed a massive new investment of approximately $2.36 billion in HPQ, acquiring 107.46 million shares and reporting ownership of roughly 11.75% of the company, making the investment the clear headline among a series of major developments surrounding HP. (MarketBeat) Deutsche Bank also disclosed the acquisition of 6.39 million HP shares valued at approximately $140.2 million, adding further institutional firepower behind the technology and printing giant. (MarketBeat) Meanwhile, in New Zealand, the Commerce Commission has authorized HP New Zealand to engage in resale price maintenance for its HP online stores and prospective marketplace stores for 10 years, giving HP greater control over pricing within that specific online sales structure. (MLex) The bottom line: while HP continues to navigate major changes across its PC and printing businesses, BlackRock’s enormous $2.36 billion position stands out as a powerful vote of institutional confidence and puts a major spotlight on HPQ.