Cullinan Associates Inc. Has $3.40 Million Stock Position in HP Inc. $HPQ

Cullinan Associates Inc. lowered its holdings in shares of HP Inc. (NYSE:HPQ) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,725 shares of the computer maker’s stock after selling 41,251 shares during the period. Cullinan Associates Inc.’s holdings in HP were worth $3,403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HPQ. Arrowstreet Capital Limited Partnership boosted its stake in HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after buying an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC boosted its stake in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after buying an additional 5,325,260 shares in the last quarter. Vanguard Group Inc. boosted its stake in HP by 2.5% during the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after buying an additional 3,122,436 shares in the last quarter. State Street Corp boosted its stake in HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after buying an additional 2,651,623 shares in the last quarter. Finally, Man Group plc boosted its stake in HP by 688.9% during the third quarter. Man Group plc now owns 2,293,041 shares of the computer maker’s stock worth $62,440,000 after buying an additional 2,002,381 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPQ shares. Bank of America reiterated an “underperform” rating and set a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. The Goldman Sachs Group decreased their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Wells Fargo & Company decreased their price target on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Citigroup decreased their price target on shares of HP from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $21.58.

HP Stock Up 3.7%

HP stock opened at $20.89 on Friday. The stock has a 50-day simple moving average of $19.14 and a 200 day simple moving average of $21.83. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 5.59 and a beta of 1.11.

HP (NYSE:HPQ) last announced its quarterly earnings data 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. The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 2.84 EPS for the current year.

HP Company 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.