Projecting onto rectangular hyperbolic paraboloids in Hilbert space

In $\mathbb{R}^3$, a hyperbolic paraboloid is a classical saddle-shaped quadric surface. Recently, Elser has modeled problems arising in Deep Learning using rectangular hyperbolic paraboloids in $\mathbb{R}^n$. Motivated by his work, we provide a rigorous analysis of the associated projection. In some cases, finding this projection amounts to finding a certain root of a quintic or cubic polynomial. We also observe when the projection is not a singleton and point out connections to graphical and set convergence.