Swiss Life Asset Management Ltd Raises Position in HP Inc. $HPQ

Swiss Life Asset Management Ltd increased its holdings in shares of HP Inc. (NYSE:HPQ) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 829,618 shares of the computer maker’s stock after buying an additional 33,460 shares during the quarter. Swiss Life Asset Management Ltd owned 0.09% of HP worth $22,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HPQ. Laurel Wealth Advisors LLC increased its holdings in shares of HP by 2,346.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 1,009 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of HP in the second quarter worth $27,000. Westfuller Advisors LLC acquired a new stake in shares of HP during the third quarter worth $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of HP by 72.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after buying an additional 512 shares during the period. Finally, Caitlin John LLC purchased a new stake in shares of HP during the third quarter valued at $30,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HPQ. JPMorgan Chase & Co. reduced their target price on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley reduced their price objective on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Argus upgraded HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Zacks Research lowered shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, Citigroup decreased their price objective on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $21.58.

HP Trading Up 1.5%

Shares of NYSE:HPQ opened at $18.50 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55. The business has a 50 day moving average of $19.30 and a two-hundred day moving average of $23.56. The company has a market capitalization of $16.91 billion, a PE ratio of 7.01, a PEG ratio of 5.06 and a beta of 1.18.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. HP’s dividend payout ratio is currently 45.45%.

Insider Buying and Selling

In other news, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider directly owned 34,572 shares in the company, valued at $801,724.68. The trade was a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

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.