HP Inc. $HPQ Stock Holdings Boosted by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG boosted its stake in HP Inc. (NYSE:HPQ) by 108.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 51,045 shares of the computer maker’s stock after acquiring an additional 26,574 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in HP were worth $1,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HPQ. BlackRock Inc. bought a new stake in shares of HP during the second quarter worth $2,357,757,000. State Street Corp lifted its stake in shares of HP by 1.5% in the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock valued at $1,174,855,000 after acquiring an additional 757,961 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of HP in the 2nd quarter valued at $545,984,000. Pacer Advisors Inc. boosted its holdings in shares of HP by 42.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker’s stock valued at $175,689,000 after acquiring an additional 2,741,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HP by 3.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after acquiring an additional 254,828 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In other HP news, insider David McQuarrie sold 31,572 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. This represents a 79.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 73,668 shares of company stock valued at $2,232,982 in the last quarter. 0.18% of the stock is owned by insiders.

HP Stock Performance

Shares of NYSE HPQ traded up $0.56 during midday trading on Tuesday, reaching $30.80. The stock had a trading volume of 2,448,412 shares, compared to its average volume of 17,696,840. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. HP Inc. has a twelve month low of $17.56 and a twelve month high of $36.22. The company’s 50 day moving average price is $31.34 and its 200 day moving average price is $26.10.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period in the prior year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts forecast that HP Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HPQ shares. Sanford C. Bernstein restated a “market perform” rating and set a $32.00 price objective on shares of HP in a research report on Thursday, August 27th. Barclays increased their target price on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. TD Cowen lifted their price target on HP from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. Weiss Ratings raised HP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, UBS Group boosted their price target on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Two equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $25.42.

HP Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.