HP stock is trading -6.09% below its average target price of $29.57 after dropping -2.0% during today's afternoon session. Analysts are giving the large-cap Computer Hardware company an average rating of hold and target prices ranging from $23.0 to $39.0 per share.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 2.93. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 80.2% of HP's shares being owned by this investor type.
Institutions Invested in HP
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Berkshire Hathaway, Inc | 12% | 120,952,818 | $3,358,859,811 |
| 2023-06-30 | Vanguard Group Inc | 11% | 104,626,327 | $2,905,473,148 |
| 2023-06-30 | Blackrock Inc. | 9% | 88,052,968 | $2,445,230,961 |
| 2023-06-30 | State Street Corporation | 4% | 44,433,277 | $1,233,912,122 |
| 2023-06-30 | Dodge & Cox Inc | 4% | 39,509,098 | $1,097,167,669 |
| 2023-06-30 | Primecap Management Company | 2% | 20,948,295 | $581,734,161 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 19,328,389 | $536,749,371 |
| 2023-06-30 | Dimensional Fund Advisors LP | 1% | 13,150,599 | $365,192,140 |
| 2023-06-30 | Lsv Asset Management | 1% | 12,844,710 | $356,697,602 |
| 2023-06-30 | Morgan Stanley | 1% | 11,981,567 | $332,728,121 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on HP.
