What Does the Market Think of HP (HPQ) Shares?

By Kim Brooks • Monday, December 18 17:22 • Permanent Link

After this evening's -1.7% drop to $30.26 per share, HP might just keep moving past its target price of $31.4. With an average analyst rating of buy, and target prices from $22.0 to $40.0, the stock's next move is anyone's guess.

HP's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 1.38. The company's insiders own 0.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 75.3%. In conclusion, we believe there is mixed market sentiment regarding HP.

Institutions Invested in HP

Date Reported	Holder	Percentage	Shares	Value
2023-09-30	Vanguard Group Inc	12%	117,509,674	$3,555,842,762
2023-09-30	Berkshire Hathaway, Inc	10%	102,519,035	$3,102,226,022
2023-09-30	Blackrock Inc.	9%	87,957,699	$2,661,599,991
2023-09-30	State Street Corporation	4%	44,086,413	$1,334,054,867
2023-09-30	Dodge & Cox Inc	4%	35,784,082	$1,082,826,329
2023-09-30	Primecap Management Company	2%	20,766,675	$628,399,590
2023-09-30	Geode Capital Management, LLC	2%	19,613,578	$593,506,874
2023-09-30	Lsv Asset Management	1%	12,525,250	$379,014,067
2023-09-30	Dimensional Fund Advisors LP	1%	11,971,099	$362,245,458
2023-09-30	Morgan Stanley	1%	11,691,145	$353,774,050

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.