Lombard Odier Asset Management Europe Ltd Has $2.54 Million Stock Holdings in HP Inc. $HPQ

Lombard Odier Asset Management Europe Ltd trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 33.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,195 shares of the computer maker’s stock after selling 67,182 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in HP were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. DNB Asset Management AS increased its position in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the period. Norges Bank bought a new position in HP during the 4th quarter worth approximately $149,309,000. Arrowstreet Capital Limited Partnership lifted its position in shares of HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the period. AQR Capital Management LLC lifted its position in shares of HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after purchasing an additional 5,325,260 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of HP by 626.6% in the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after purchasing an additional 4,267,600 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Citigroup increased their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Stock Up 5.3%

Shares of HPQ stock opened at $25.82 on Friday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The firm has a 50 day moving average of $24.14 and a 200-day moving average of $21.20. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 4.34 and a beta of 1.19.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Analysts anticipate that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was 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 trade represents a 10.24% decrease in their position. The sale was disclosed in a filing with the SEC, 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 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.