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

Bank Pictet & Cie Europe AG grew its position in shares of HP Inc. (NYSE:HPQ) by 108.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,045 shares of the computer maker’s stock after buying an additional 26,574 shares during the period. Bank Pictet & Cie Europe AG’s holdings in HP were worth $1,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of HP in the second quarter valued at about $2,357,757,000. State Street Corp raised its stake in HP by 1.5% in the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock worth $1,174,855,000 after purchasing an additional 757,961 shares in the last quarter. Primecap Management Co. CA acquired a new stake in HP in the 2nd quarter worth about $545,984,000. Pacer Advisors Inc. boosted its holdings in HP by 42.8% in the 1st quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker’s stock valued at $175,689,000 after purchasing an additional 2,741,438 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HP by 3.0% in 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 purchasing an additional 254,828 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In related news, insider David McQuarrie sold 31,572 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the sale, the insider directly owned 8,008 shares in the company, valued at $257,216.96. This represents a 79.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 73,668 shares of company stock worth $2,232,982. 0.18% of the stock is owned by corporate insiders.

HP Price Performance

HPQ traded up $0.56 during trading on Tuesday, hitting $30.80. 2,448,412 shares of the stock traded hands, compared to its average volume of 17,696,840. HP Inc. has a twelve month low of $17.56 and a twelve month high of $36.22. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.56 and a beta of 1.17. The business has a 50 day moving average price of $31.34 and a 200 day moving average price of $26.10.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HPQ shares. The Goldman Sachs Group increased their target price on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 7th. Bank of America reiterated an “underperform” rating on shares of HP in a research note on Thursday, August 27th. UBS Group increased their price target on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, TD Cowen raised their price objective on HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $25.42.

About HP

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.