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

Stevens Capital Management LP boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 246.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,341 shares of the computer maker’s stock after purchasing an additional 23,704 shares during the quarter. Stevens Capital Management LP’s holdings in HP were worth $743,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new position in shares of HP during the third quarter worth $28,000. Caitlin John LLC bought a new stake in HP in the 3rd quarter valued at $30,000. Garner Asset Management Corp bought a new stake in HP in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC purchased a new stake in HP in the 4th quarter worth $26,000. Finally, Sound Income Strategies LLC lifted its stake in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HPQ. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. The Goldman Sachs Group decreased their target price on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Wells Fargo & Company dropped their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. Finally, Citigroup reduced their price objective on HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP currently has an average rating of “Reduce” and an average target price of $21.58.

HP Trading Up 1.7%

HPQ opened at $21.15 on Wednesday. The stock has a 50-day moving average of $19.19 and a 200 day moving average of $21.69. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.55. The firm has a market cap of $19.34 billion, a P/E ratio of 8.01, a P/E/G ratio of 5.78 and a beta of 1.09.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, research analysts forecast 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.