HP Inc. $HPQ Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its position in shares of HP Inc. (NYSE:HPQ) by 45.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,208,802 shares of the computer maker’s stock after purchasing an additional 379,184 shares during the period. Swiss Life Asset Management Ltd owned about 0.13% of HP worth $26,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HPQ. Baird Financial Group Inc. increased its position in shares of HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after buying an additional 551 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after buying an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings 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 during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in shares of HP during the second quarter worth about $233,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HPQ. Morgan Stanley lowered their price target on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Wells Fargo & Company lowered their price target on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Evercore set a $22.00 price target on HP in a report on Thursday, February 19th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HP has an average rating of “Reduce” and a consensus target price of $21.58.

HP Trading Down 4.4%

Shares of HPQ opened at $21.69 on Tuesday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.55. The stock’s 50 day moving average is $19.45 and its two-hundred day moving average is $21.52. The firm has a market capitalization of $19.83 billion, a PE ratio of 8.21, a P/E/G ratio of 6.30 and a beta of 1.09.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, sell-side analysts predict that HP Inc. will post 2.84 EPS for the current year.

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.