Stevens Capital Management LP Increases Stake in HP Inc. $HPQ

Stevens Capital Management LP lifted its position in HP Inc. (NYSE:HPQ) by 246.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 33,341 shares of the computer maker’s stock after acquiring an additional 23,704 shares during the period. Stevens Capital Management LP’s holdings in HP were worth $743,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HPQ. Richardson Financial Services Inc. raised its position in HP by 14.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after purchasing an additional 367 shares during the period. Auxano Advisors LLC boosted its position in shares of HP by 4.4% during the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after buying an additional 391 shares during the period. IHT Wealth Management LLC grew its stake in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after buying an additional 444 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in shares of HP by 2.2% in the third quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock worth $585,000 after buying an additional 459 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Citigroup reduced their target price on HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. UBS Group lowered their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Finally, 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 note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, HP currently has an average rating of “Reduce” and an average price target of $21.58.

HP Price Performance

HPQ stock opened at $21.15 on Wednesday. The business has a 50-day moving average price of $19.19 and a 200 day moving average price of $21.69. The company has a market capitalization of $19.34 billion, a P/E ratio of 8.01, a PEG ratio of 5.78 and a beta of 1.09. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55.

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