HP Inc. $HPQ Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its stake in HP Inc. by 39.3%, owning 174,854 shares valued at approximately $4.27 million after selling 113,041 shares during the second quarter.
• HP's quarterly earnings matched analyst estimates at $0.75 per share, with revenues of $13.93 billion, exceeding forecasts of $13.69 billion.
• HP Inc. has received mixed analyst ratings, with a consensus target price of $29.38 and a majority rate of Hold from multiple institutions.

Banque Pictet & Cie SA cut its holdings in HP Inc. (NYSE:HPQ - Free Report) by 39.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,854 shares of the computer maker's stock after selling 113,041 shares during the quarter. Banque Pictet & Cie SA's holdings in HP were worth $4,277,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in HP in the 1st quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of HP in the first quarter valued at approximately $35,000. Iron Horse Wealth Management LLC acquired a new position in shares of HP in the first quarter valued at approximately $39,000. Financial Freedom LLC increased its stake in HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after buying an additional 878 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after buying an additional 947 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Trading Down 0.5%

Shares of HPQ opened at $26.71 on Friday. The firm's 50-day moving average is $27.02 and its two-hundred day moving average is $26.26. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The firm has a market capitalization of $24.97 billion, a P/E ratio of 9.75, a PEG ratio of 2.16 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts predict that HP Inc. will post 3.56 EPS for the current year.

Analyst Ratings Changes

HPQ has been the topic of several recent research reports. UBS Group boosted their price objective on shares of HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Barclays dropped their target price on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Dbs Bank cut HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Finally, Evercore ISI reiterated an "in-line" rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.38.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.