Swiss National Bank Sells 145,900 Shares of HP Inc. $HPQ

Key Points

• Swiss National Bank trimmed its HP stake by 5.1%, selling 145,900 shares in Q3 and now holds 2,707,700 shares (about 0.29% of HP) valued at roughly $73.73 million.
• Insider Ketan M. Patel sold 33,321 HP shares on Dec. 26 at an average $23.19 for ~$772,714, a transaction that reduced his ownership by 49.08%.
• HP beat quarterly estimates with $0.81 EPS and $14.44B revenue, set Q2 guidance of $0.70–0.76, and announced a $0.30 quarterly dividend (annualized $1.20) implying a 6.5% yield with record/ex-div date March 11 and payment April 1.

Swiss National Bank reduced its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 5.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,707,700 shares of the computer maker's stock after selling 145,900 shares during the quarter. Swiss National Bank owned approximately 0.29% of HP worth $73,731,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HPQ. Richardson Financial Services Inc. lifted its holdings in HP by 14.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker's stock valued at $77,000 after buying an additional 367 shares in the last quarter. Auxano Advisors LLC grew its stake in HP by 4.4% in the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker's stock worth $252,000 after acquiring an additional 391 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker's stock worth $305,000 after acquiring an additional 398 shares during the period. AdvisorNet Financial Inc raised its stake in shares of HP by 42.9% during the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker's stock valued at $37,000 after acquiring an additional 405 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of HP by 6.4% in the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker's stock valued at $173,000 after purchasing an additional 410 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other HP news, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $23.19, for a total transaction of $772,713.99. Following the completion of the sale, the insider directly owned 34,572 shares of the company's stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

HP Stock Down 1.8%

Shares of NYSE:HPQ opened at $18.45 on Thursday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 5.22 and a beta of 1.18. The firm has a 50 day moving average of $19.67 and a 200 day moving average of $23.91. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.55.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. HP's payout ratio is currently 45.45%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Evercore set a $22.00 price objective on HP in a research note on Thursday, February 19th. TD Cowen decreased their target price on HP from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, November 26th. UBS Group dropped their price target on HP from $26.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, February 19th. Weiss Ratings restated a "hold (c)" rating on shares of HP in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group decreased their price objective on HP from $21.00 to $16.00 and set a "sell" rating for the company in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have given a Sell rating to the company's stock. According to data from MarketBeat.com, HP currently has an average rating of "Reduce" and a consensus target price of $21.58.

HP Company 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.

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