HP slips 3.5% as investors weigh lingering PC/print headwinds and cost pressures

HP Inc. (HPQ) is down 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed skepticism around HP’s near-term earnings power despite a recent solid quarterly report. This could be because investors are refocusing on persistent margin headwinds (components, trade/tariff-related costs, and print promotions) and a lack of obvious upside catalysts for the PC and printing businesses.

Details:

HP’s most recent quarterly update showed year-over-year revenue growth and non-GAAP EPS above its guidance range, which had helped support the stock in recent weeks.

Management highlighted ongoing cost headwinds, including trade-related impacts and higher promotional investment in parts of the printing portfolio, which can pressure segment margins even when revenue trends improve.

Earlier in the fiscal year, HP flagged continued volatility in memory/component costs and positioned its full-year outlook toward the lower end of its range, keeping sensitivity high to any demand or cost surprises.

An analyst downgrade cycle has also weighed on sentiment, with some firms arguing the PC and printing segments face structural challenges and limited near-term catalysts.

Sources:

HP Investor Relations, Investing.com, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$HPQ Insider Trading Activity

$HPQ insiders have traded $HPQ stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $HPQ stock by insiders over the last 6 months:

MARY ANNE CITRINO sold 45,172 shares for an estimated $834,326
KETAN M PATEL (President, Personal Systems) sold 33,321 shares for an estimated $772,713
DAVID P. MCQUARRIE (Chief Commercial Officer) sold 10,524 shares for an estimated $259,732

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$HPQ Hedge Fund Activity

We have seen 491 institutional investors add shares of $HPQ stock to their portfolio, and 634 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF AMERICA CORP /DE/ removed 13,401,922 shares (-76.2%) from their portfolio in Q1 2026, for an estimated $257,450,921
DNB ASSET MANAGEMENT AS added 9,208,774 shares (+86.9%) to their portfolio in Q1 2026, for an estimated $176,900,548
DODGE & COX added 7,089,410 shares (+20.5%) to their portfolio in Q1 2026, for an estimated $136,187,566
PACER ADVISORS, INC. removed 6,577,623 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $146,549,440
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 6,191,705 shares (-65.7%) from their portfolio in Q1 2026, for an estimated $118,942,653
D. E. SHAW & CO., INC. added 5,790,724 shares (+1010.5%) to their portfolio in Q4 2025, for an estimated $129,017,330
UBS GROUP AG added 5,627,986 shares (+80.0%) to their portfolio in Q1 2026, for an estimated $108,113,611

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$HPQ Analyst Ratings

Wall Street analysts have issued reports on $HPQ in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Underweight" rating on 01/20/2026

To track analyst ratings and price targets for $HPQ, check out Quiver Quantitative's $HPQ forecast page.

$HPQ Price Targets

Multiple analysts have issued price targets for $HPQ recently. We have seen 10 analysts offer price targets for $HPQ in the last 6 months, with a median target of $20.0.

Here are some recent targets:

Michael Ng from Goldman Sachs set a target price of $19.0 on 06/02/2026
Krish Sankar from TD Cowen set a target price of $26.0 on 05/28/2026
Wamsi Mohan from B of A Securities set a target price of $18.0 on 05/28/2026
Tim Long from Barclays set a target price of $19.0 on 05/28/2026
Aaron Rakers from Wells Fargo set a target price of $20.0 on 05/28/2026
Asiya Merchant from Citigroup set a target price of $25.0 on 05/28/2026
Samik Chatterjee from JP Morgan set a target price of $26.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.