Wealthfront Advisers LLC Purchases 46,456 Shares of HP Inc. $HPQ

Wealthfront Advisers LLC increased its position in shares of HP Inc. (NYSE:HPQ) by 47.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,033 shares of the computer maker’s stock after purchasing 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 reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in HP in the 3rd quarter worth $28,000. Caitlin John LLC purchased a new stake in HP in the 3rd quarter worth $30,000. Flagship Harbor Advisors LLC purchased a new stake in HP in the 4th quarter worth $26,000. 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. Finally, CoreCap Advisors LLC lifted its stake in HP by 50.6% in the 3rd quarter. CoreCap Advisors LLC now owns 1,422 shares of the computer maker’s stock worth $39,000 after purchasing an additional 478 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley decreased their price target on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. 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. UBS Group reduced their target price on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Evercore set a $22.00 target price on shares of HP in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $21.58.

HP Trading Down 0.2%

Shares of NYSE:HPQ opened at $20.82 on Friday. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 5.79 and a beta of 1.09. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.55. The firm’s 50-day moving average is $19.14 and its 200 day moving average is $21.83.

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

About HP

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.