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Why HP Inc. (HPQ) Stock Is Down Today

Investivoq PriceTracker

HP Inc. (HPQ) is down 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied to fresh PC industry data that showed HP’s shipments falling much faster than the broader market in the third quarter. Investors also seem to be weighing HP’s recent decision to withhold fiscal 2027 guidance, while ongoing memory and component cost pressure remains a concern for margins and demand.

Details:

  • Preliminary industry data released this week showed worldwide PC shipments fell 20.1% year over year in Q3 2026, marking a sharp downturn for the market.
  • That same dataset showed HP’s shipments dropped 30.9% to 10.3 million units, a steeper decline than the overall industry and a sign of share pressure versus some rivals.
  • HP said in its late-September disclosure that it was still in its planning period for fiscal 2027 and was not providing financial guidance for that year.
  • HP’s most recent quarterly materials also highlighted rising memory and storage costs as an active risk, which could weigh on profitability or force pricing actions that hurt demand.

    • Sources:

    IDC, HP, SEC

    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 548 institutional investors add shares of $HPQ stock to their portfolio, and 400 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.