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HPQ rises as investors appear to lean back into HP’s AI PC and workstation story

Investivoq PriceTracker

HP Inc. (HPQ) is up 7.6% today. Here is some analysis on what might have caused this price movement.

Analysis: A single confirmed catalyst is not obvious, but the move appears tied to renewed enthusiasm around HP’s AI-focused hardware roadmap and continued follow-through from its strong fiscal third-quarter report. This could also be because investors rotated back into PC and enterprise hardware names as AI infrastructure spending themes strengthened again.

Details:

  • HP introduced new AI workstation products in October, including a public demonstration of Windows running on the HP ZGX Fury powered by NVIDIA GB300 technology, reinforcing its push into higher-end AI computing.
  • HP also unveiled a new mobile workstation in September aimed at agentic AI workloads, with availability expected in October 2026, adding to the company’s narrative around premium AI-capable devices.
  • In its fiscal third-quarter 2026 results released on August 26, HP reported revenue of $15.7 billion, up 12.5% from a year earlier, showing better top-line momentum than many investors had associated with the traditional PC and printing business.
  • HPQ closed at $32.73 on October 22, 2026, still below its September 2026 52-week high, which may have left room for a sharp rebound as sentiment improved.

    • Sources:

    HP Investor Relations, HP Newsroom, StockScan

    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 Insider Trades

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

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

    • DAVID P. MCQUARRIE (Chief Commercial Officer) has made 0 purchases and 6 sales selling 94,716 shares for an estimated $2,787,176.

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

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    $HPQ Hedge Fund Activity

    We have seen 580 institutional investors add shares of $HPQ stock to their portfolio, and 418 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • PACER ADVISORS, INC. added 8,424,145 shares (+inf%) to their portfolio in Q2 2026, for an estimated $184,825,741
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 8,275,264 shares (+inf%) to their portfolio in Q2 2026, for an estimated $181,559,292
    • JPMORGAN CHASE & CO added 5,807,737 shares (+inf%) to their portfolio in Q2 2026, for an estimated $127,421,749
    • AUSTRALIANSUPER PTY LTD removed 5,738,970 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $125,913,001
    • MENORA MIVTACHIM HOLDINGS LTD. added 4,521,000 shares (+106.4%) to their portfolio in Q2 2026, for an estimated $99,190,740
    • NORGES BANK removed 4,311,087 shares (-64.3%) from their portfolio in Q2 2026, for an estimated $94,585,248
    • TWO SIGMA INVESTMENTS, LP added 4,211,053 shares (+201.3%) to their portfolio in Q2 2026, for an estimated $92,390,502

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

    $HPQ Price Targets

    Multiple analysts have issued price targets for $HPQ recently. We have seen 9 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
    • Erik Woodring from Morgan Stanley set a target price of $19.0 on 05/28/2026
    • 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

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