Swiss National Bank lessened its stake in HP Inc. (NYSE:HPQ – Get Rating) by 8.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,569,426 shares of the computer maker's stock after selling 422,500 shares during the quarter. Swiss National Bank's holdings in HP were worth $149,786,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Certified Advisory Corp acquired a new stake in shares of HP in the 1st quarter valued at approximately $26,000. Central Bank & Trust Co. boosted its holdings in shares of HP by 50.4% in the 2nd quarter. Central Bank & Trust Co. now owns 1,026 shares of the computer maker's stock valued at $34,000 after buying an additional 344 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of HP by 44.1% in the 2nd quarter. Sandy Spring Bank now owns 1,157 shares of the computer maker's stock valued at $38,000 after buying an additional 354 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of HP by 272.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,095 shares of the computer maker's stock valued at $40,000 after buying an additional 801 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in HP by 364.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the computer maker's stock valued at $42,000 after acquiring an additional 901 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HPQ shares. Deutsche Bank Aktiengesellschaft dropped their price target on HP from $36.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, August 31st. Morgan Stanley dropped their price target on HP from $28.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, October 17th. Cowen dropped their price target on HP from $38.00 to $30.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 31st. Barclays dropped their price target on HP from $32.00 to $27.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 31st. Finally, Sanford C. Bernstein dropped their price target on HP from $40.00 to $30.00 in a research note on Tuesday, September 20th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.50.

HP Stock Performance

HP (NYSE:HPQ – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The computer maker reported $1.04 EPS for the quarter, hitting analysts' consensus estimates of $1.04. HP had a negative return on equity of 220.16% and a net margin of 9.72%. The company had revenue of $14.66 billion for the quarter, compared to analysts' expectations of $15.63 billion. During the same quarter last year, the business earned $1.00 earnings per share. HP's revenue was down 4.1% on a year-over-year basis. Equities research analysts forecast that HP Inc. will post 4.08 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,000 shares of the firm's stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $25.23, for a total value of $857,820.00. Following the transaction, the chief executive officer now owns 517,204 shares in the company, valued at $13,049,056.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.

HP Profile

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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.

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