HP
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 Q3 regulatory filings by fund managers ($100M+ AUM)
44% more call options, than puts
Call options by funds: $416M | Put options by funds: $289M
29% more repeat investments, than reductions
Existing positions increased: 453 | Existing positions reduced: 351
2% more capital invested
Capital invested by funds: $26.9B [Q2] → $27.4B (+$452M) [Q3]
0.61% more ownership
Funds ownership: 78.58% [Q2] → 79.19% (+0.61%) [Q3]
1% less funds holding
Funds holding: 1,139 [Q2] → 1,127 (-12) [Q3]
10% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 9 (-1) [Q3]
10% less first-time investments, than exits
New positions opened: 108 | Existing positions closed: 120
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan Samik Chatterjee 69% 1-year accuracy 41 / 59 met price target | 8%upside $41 | Overweight Maintained | 20 Nov 2024 |
Citigroup Asiya Merchant 41% 1-year accuracy 7 / 17 met price target | 2%downside $37 | Neutral Downgraded | 1 Oct 2024 |
B of A Securities Wamsi Mohan 81% 1-year accuracy 29 / 36 met price target | 2%downside $37 | Neutral Downgraded | 27 Sept 2024 |
Loop Capital Ananda Baruah 57% 1-year accuracy 8 / 14 met price target | 8%downside $35 | Hold Maintained | 5 Sept 2024 |
Morgan Stanley Erik Woodring 67% 1-year accuracy 16 / 24 met price target | 5%downside $36 | Equal-Weight Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 14 articles about HPQ published over the past 30 days