HP (HPQ)

• Market cap: $30.7B
• 1 day: -1.39%
• 5 days: -3.76%
• 1 month: -5.24%
• 3 months: -12.55%
• 6 months: -12.32%
• Year to date: 0.83%
• 1 year: 12.55%
• 5 years: 52.56%
• 10 years: -17.76%
• Sector: Information Technology
• Industry: Computer & Office Equipment

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)

43% more call options, than puts

Call options by funds: $416M | Put options by funds: $291M

29% more repeat investments, than reductions

Existing positions increased: 455 | Existing positions reduced: 354

19% more first-time investments, than exits

New positions opened: 111 | Existing positions closed: 93

2% more capital invested

Capital invested by funds: $27.1B [Q2] → $27.7B (+$538M) [Q3]

0.85% more ownership

Funds ownership: 79.16% [Q2] → 80.02% (+0.85%) [Q3]

0% more funds holding

Funds holding: 1,140 [Q2] → 1,140 (+0) [Q3]

10% less funds holding in top 10

Funds holding in top 10: 10 [Q2] → 9 (-1) [Q3]

Research analyst outlook

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

• Low target: $34 4% upside
• Avg. target: $37 14% upside
• High target: $41 25% upside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Bernstein Toni Sacconaghi 30% 1-year accuracy 3 / 10 met price target	4% upside $34	Market Perform Maintained	3 Jan 2025
HSBC Stephen Bersey 73% 1-year accuracy 11 / 15 met price target	16% upside $38	Hold Downgraded	29 Nov 2024
TD Cowen Krish Sankar 42% 1-year accuracy 11 / 26 met price target	19% upside $39	Hold Maintained	27 Nov 2024
Citigroup Asiya Merchant 42% 1-year accuracy 11 / 26 met price target	11% upside $37	Neutral Maintained	27 Nov 2024
Barclays Tim Long 53% 1-year accuracy 28 / 53 met price target	7% upside $35	Equal-Weight Maintained	27 Nov 2024