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

Swiss Life Asset Management Ltd increased its stake in shares of HP Inc. (NYSE:HPQ) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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’s holdings in HP were worth $26,932,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in HP in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in HP in the 4th quarter valued at $26,000. Sound Income Strategies LLC raised its holdings in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after acquiring an additional 646 shares during the last quarter. Westfuller Advisors LLC acquired a new position in HP in the 3rd quarter valued at $28,000. Finally, Caitlin John LLC acquired a new position in HP in the 3rd quarter valued at $30,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Down 4.4%

Shares of NYSE HPQ opened at $21.69 on Tuesday. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55. The firm has a fifty day moving average of $19.45 and a 200-day moving average of $21.52. The stock 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 results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities research analysts expect that HP Inc. will post 2.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HPQ. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group lowered their price objective on shares of HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Morgan Stanley lowered their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, Bank of America reissued an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus target price of $21.58.

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.