Lombard Odier Asset Management Switzerland SA Boosts Position in HP Inc. $HPQ

Lombard Odier Asset Management Switzerland SA boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 148.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 338,904 shares of the computer maker’s stock after purchasing an additional 202,720 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in HP were worth $7,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of HP by 8.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after buying an additional 157,464 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in shares of HP during the 3rd quarter valued at about $22,601,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of HP during the 4th quarter valued at about $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of HP by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after buying an additional 103,175 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HP

In other 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 value of $259,732.32. Following the completion of the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by company insiders.

HP Price Performance

Shares of HP stock opened at $24.29 on Wednesday. The business has a 50 day simple moving average of $22.18 and a two-hundred day simple moving average of $21.27. 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 $22.21 billion, a P/E ratio of 8.96, a PEG ratio of 4.15 and a beta of 1.17.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPQ. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group upped their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley upped their price target on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Finally, Citigroup upped their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $23.33.

About HP

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.