HPHPQ
Market Cap: $32.6B
About: HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
Employees: 58,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
85% more call options, than puts
Call options by funds: $644M | Put options by funds: $349M
80% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 86
67% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 10 (+4) [Q2]
28% more repeat investments, than reductions
Existing positions increased: 439 | Existing positions reduced: 344
16% more capital invested
Capital invested by funds: $22.9B [Q1] → $26.5B (+$3.56B) [Q2]
6% more funds holding
Funds holding: 1,065 [Q1] → 1,134 (+69) [Q2]
0.34% less ownership
Funds ownership: 77.65% [Q1] → 77.31% (-0.34%) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Loop Capital Ananda Baruah 43% 1-year accuracy 6 / 14 met price target | 3%upside $35 | Hold Maintained | 5 Sept 2024 |
Morgan Stanley Erik Woodring 59% 1-year accuracy 19 / 32 met price target | 6%upside $36 | Equal-Weight Maintained | 29 Aug 2024 |
Barclays Tim Long 65% 1-year accuracy 26 / 40 met price target | 5%downside $32 | Equal-Weight Maintained | 29 Aug 2024 |
UBS David Vogt 50% 1-year accuracy 6 / 12 met price target | 9%upside $37 | Neutral Maintained | 29 Aug 2024 |
Morgan Stanley Erik Woodring 59% 1-year accuracy 19 / 32 met price target | 9%upside $37 | Equal-Weight Downgraded | 19 Aug 2024 |
Financial journalist opinion
Based on 33 articles about HPQ published over the past 30 days