DAVENPORT & Co LLC Has $1.70 Million Stock Holdings in HP Inc. $HPQ

DAVENPORT & Co LLC lowered its position in shares of HP Inc. (NYSE:HPQ) by 96.7% in the fourth quarter, Holdings Channel reports. The firm owned 76,137 shares of the computer maker’s stock after selling 2,235,079 shares during the period. DAVENPORT & Co LLC’s holdings in HP were worth $1,696,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays reduced their target price on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Evercore set a $22.00 price target on HP in a report on Thursday, February 19th. Argus raised HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Morgan Stanley cut their price objective on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their price objective on HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $21.58.

Key Headlines Impacting HP

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 Trading Up 0.6%

HPQ opened at $19.45 on Friday. The stock 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. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.55. The firm’s fifty 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company 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 dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. HP’s dividend payout ratio (DPR) is presently 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.