DAVENPORT & Co LLC Sells 2,235,079 Shares of HP Inc. $HPQ

DAVENPORT & Co LLC cut its holdings in HP Inc. (NYSE:HPQ) by 96.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,137 shares of the computer maker’s stock after selling 2,235,079 shares during the quarter. DAVENPORT & Co LLC’s holdings in HP were worth $1,696,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in HP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after acquiring an additional 3,122,436 shares in the last quarter. State Street Corp lifted its position in shares of HP by 5.3% during the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares in the last quarter. Dodge & Cox lifted its position in shares of HP by 4.6% during the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock worth $854,718,000 after purchasing an additional 1,537,945 shares in the last quarter. Invesco Ltd. grew its stake in shares of HP by 15.9% during the second quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after purchasing an additional 1,806,246 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HPQ has been the subject of several research analyst reports. Argus upgraded shares of HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company decreased their price objective on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a research note on Monday, December 1st. Bank of America reaffirmed an “underperform” rating and set a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Finally, UBS Group decreased their price target on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $21.58.

HP News Roundup

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP rolled out a broad AI-focused product and software lineup — new AI PCs, printers, quantum-resistant security features (TPM Guard), HP IQ, HP NearSense, and workflow intelligence — and highlighted partnerships (including Google) to enable local-first and cross-device AI capabilities. This positions HP to capture enterprise/hybrid-work AI spending and is the chief bullish catalyst. HP Bets On AI PCs And Security To Reframe Long Term Story
• Positive Sentiment: Recent quarterly results showed an EPS beat and revenue upside, and HP has posted a notable share rebound (~week-to-week improvement). That earnings momentum underpins investor confidence in near-term fundamentals and the company’s guidance cadence. HP (HPQ) Up 6.9% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Analysts are mixed on HP’s medium-term outlook — some highlight the potential from AI/security products while others remain cautious on sustainable margin expansion; that creates divergent broker views and uneven analyst signals for investors. Analysts’ Opinions Are Mixed on These Technology Stocks
• Neutral Sentiment: There’s an odd legal/estate story circulating about HP seeking control of a Lynch £500m estate; its connection to HP’s operating business and financials is unclear, so it’s currently a peripheral/uncertain factor for shareholders. HP seeks to seize control of Lynch £500m estate from family
• Negative Sentiment: Morgan Stanley said HP’s AI-device push “fails to provide a meaningful catalyst,” signaling continued skepticism from major brokers that could limit upside until product traction is proven. HP continues AI device push but fails to provide meaningful catalyst: Morgan Stanley
• Negative Sentiment: A prominent price-target cut (down ~15.7% to $20.07) reduces near-term upside perceived by some investors and reflects lingering concerns about valuation and execution risk. HP (HPQ) price target decreased by 15.70% to 20.07

HP Price Performance

Shares of NYSE HPQ opened at $19.45 on Friday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The firm has a market capitalization of $17.78 billion, a P/E ratio of 7.37, a P/E/G ratio of 5.40 and a beta of 1.18. The company’s 50 day simple moving average is $19.07 and its 200 day simple moving average is $23.11.

HP (NYSE:HPQ) last released its earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, March 11th. HP’s dividend payout ratio is currently 45.45%.

HP Profile

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.