HP INC.
In the published model solve dated 2026-Q2, anchored at $30.40, HP INC. (HPQ) is priced for -5.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 24, 2026 from SEC EDGAR filings.
• The market is pricing HP for a business that shrinks, while fiscal second-quarter revenue rose 9% to $14.4 billion with Personal Systems up 13% [Source: HP Inc. fiscal 2026 second quarter results, May 27, 2026]. • Memory is the squeeze: DRAM and NAND now run at roughly 35% of the bill of materials in a PC, up from 15% to 18% a quarter earlier, and management expects the Personal Systems margin to bottom in the fiscal fourth quarter [Source: HP Inc. fiscal Q2 2026 earnings call, May 27, 2026].
Is HPQ overvalued? See what's priced in →
997 institutional managers reported holding HPQ in 13F filings for the quarter ended 2026-03-31. Together they hold about 88% of the company; the top 10 hold 49%. 103 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 84.5M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (4.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HPQ has cut its share count 22.2% over the past five years, spending $11.03B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 9 years straight; the current rate is $1.16 a share annually. Cash returned over the past three years: $3.23B in dividends and $3.38B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at HPQ over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HPQ's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-01 | -7.2% | +11.2% |
| 2023-09-12 | -6.5% | -2.3% |
| 2024-02-29 | -1.7% | -1.4% |
| 2024-05-31 | +15.8% | -7.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HPQ's latest 8-K filings: 2026-08-26 (items 2.02, 9.01); 2026-06-26 (items 5.03, 9.01); 2026-05-27 (items 2.02, 9.01); 2026-04-21 (items 5.02, 5.07, 9.01); 2026-02-24 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 24, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.