HP (HPQ)

• Market cap: $26.4B
• 1 day: 0.79%
• 5 days: -1.68%
• 1 month: -6.76%
• 3 months: -13.74%
• 6 months: -20.38%
• Year to date: -13.74%
• 1 year: -5.24%
• 5 years: 80.83%
• 10 years: -10.80%
• Sector: Technology
• Industry: Computer Hardware

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 Q4 regulatory filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 133 | Existing positions closed: 106

21% more call options, than puts

Call options by funds: $425M | Put options by funds: $351M

0.77% more ownership

Funds ownership: 79.77% [Q3] → 80.55% (+0.77%) [Q4]

0% more funds holding

Funds holding: 1,144 [Q3] → 1,149 (+5) [Q4]

6% less repeat investments, than reductions

Existing positions increased: 394 | Existing positions reduced: 418

11% less capital invested

Capital invested by funds: $27.6B [Q3] → $24.7B (-$2.92B) [Q4]

22% less funds holding in top 10

Funds holding in top 10: 9 [Q3] → 7 (-2) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 7% upside
• Avg. target: $34 21% upside
• High target: $36 29% upside

5 analyst ratings

• positive: 0 0%
• neutral: 4 80%
• negative: 1 20%

Loop Capital Ananda Baruah 16% 1-year accuracy 6 / 37 met price target	7% upside $30	Hold Maintained	4 Mar 2025
Barclays Tim Long 55% 1-year accuracy 31 / 56 met price target	29% upside $36	Equal-Weight Maintained	28 Feb 2025
Morgan Stanley Erik Woodring 32% 1-year accuracy 10 / 31 met price target	25% upside $35	Equal-Weight Maintained	28 Feb 2025
Wells Fargo Aaron Rakers 29% 1-year accuracy 10 / 34 met price target	25% upside $35	Underweight Maintained	20 Feb 2025
Bernstein Toni Sacconaghi 25% 1-year accuracy 2 / 8 met price target	21% upside $34	Market Perform Maintained	3 Jan 2025