Lombard Odier Asset Management Europe Ltd Invests $3.59 Million in HP Inc. $HPQ

Lombard Odier Asset Management Europe Ltd purchased a new position in HP Inc. (NYSE:HPQ) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 163,592 shares of the computer maker’s stock, valued at approximately $3,589,000.

Other large investors also recently bought and sold shares of the company. Callan Family Office LLC acquired a new position in HP in the second quarter worth approximately $3,029,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of HP during the 4th quarter valued at $31,899,000. BlackRock Inc. acquired a new stake in shares of HP during the 2nd quarter valued at $2,357,757,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 worth $43,747,000 after acquiring an additional 103,175 shares in the last quarter. Finally, BNP Paribas boosted its stake in shares of HP by 8,978.0% during the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock worth $2,891,000 after acquiring an additional 128,296 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a 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. In the last quarter, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

HP Trading Up 3.1%

Shares of HP stock opened at $30.56 on Friday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19. The company has a market cap of $27.95 billion, a P/E ratio of 11.66, a P/E/G ratio of 4.59 and a beta of 1.17. The stock has a 50-day moving average price of $26.38 and a 200 day moving average price of $22.76.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities analysts forecast that HP Inc. will post 3.25 earnings per share for the current fiscal year.

HP Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s payout ratio is presently 45.80%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Cowen boosted their target price on HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday. Bank of America reiterated an “underperform” rating on shares of HP in a research report on Thursday. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Evercore set a $32.00 price objective on HP in a report on Monday. Finally, UBS Group upped their price objective on shares of HP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP presently has an average rating of “Reduce” and an average target price of $25.17.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

HP 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.