Wealthfront Advisers LLC Grows Stock Holdings in HP Inc. $HPQ

Wealthfront Advisers LLC raised its stake in HP Inc. (NYSE:HPQ) by 47.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 145,033 shares of the computer maker’s stock after buying an additional 46,456 shares during the period. Wealthfront Advisers LLC’s holdings in HP were worth $3,231,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HPQ. Arrowstreet Capital Limited Partnership boosted its position in HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after buying an additional 5,449,691 shares during the period. AQR Capital Management LLC boosted its position in HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after buying an additional 5,325,260 shares during the period. Vanguard Group Inc. boosted its position in HP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after buying an additional 3,122,436 shares during the period. State Street Corp boosted its position in HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after buying an additional 2,651,623 shares during the period. Finally, Man Group plc boosted its position in HP by 688.9% in the 3rd quarter. Man Group plc now owns 2,293,041 shares of the computer maker’s stock valued at $62,440,000 after buying an additional 2,002,381 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HPQ has been the subject of several research reports. Bank of America reaffirmed an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Morgan Stanley lowered their price target on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Citigroup lowered their price target on shares of HP from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company lowered their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $21.58.

HP Stock Performance

Shares of HPQ opened at $20.82 on Friday. The company has a 50 day moving average price of $19.14 and a 200-day moving average price of $21.83. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The stock has a market capitalization of $19.04 billion, a PE ratio of 7.89, a PEG ratio of 5.79 and a beta of 1.09.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities research analysts forecast that HP Inc. will post 2.84 EPS for the current year.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett?Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.