Leonteq Securities AG Takes $1.05 Million Position in HP Inc. $HPQ

Leonteq Securities AG purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 47,183 shares of the computer maker’s stock, valued at approximately $1,051,000.

Other hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. lifted its position in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock valued at $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL increased its holdings in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after buying an additional 551 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after purchasing an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of HP in the second quarter worth $233,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Up 4.0%

HPQ stock opened at $21.91 on Friday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.55. The company has a 50-day moving average price of $19.78 and a 200 day moving average price of $21.15. The stock has a market cap of $20.04 billion, a PE ratio of 8.30, a P/E/G ratio of 5.85 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Sell-side analysts forecast that HP Inc. will post 2.84 EPS for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 annualized dividend and a dividend yield of 5.5%. HP’s payout ratio is currently 45.45%.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Wells Fargo & Company dropped their target price on shares of HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Barclays dropped their target price on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Bank of America restated an “underperform” rating and set a $20.00 target price (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $21.67.

About HP

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.