HP Inc. $HPQ Shares Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA raised its position in HP Inc. (NYSE:HPQ) by 48.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 503,404 shares of the computer maker’s stock after buying an additional 164,500 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in HP were worth $9,670,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HPQ. Baird Financial Group Inc. grew its stake in HP by 13.1% during the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of HP by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after buying an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of HP in the second quarter worth $233,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HPQ. JPMorgan Chase & Co. upped their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Bank of America raised their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, UBS Group lifted their price target on HP from $20.00 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 given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus target price of $23.33.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider owned 92,200 shares in the company, valued at $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

HP Price Performance

Shares of HPQ opened at $25.82 on Friday. The business’s fifty day moving average price is $24.14 and its 200 day moving average price is $21.20. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The stock has a market capitalization of $23.61 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 4.34 and a beta of 1.19.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous 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, research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is currently 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.