Arizona State Retirement System boosted its position in Agilent Technologies Inc (NYSE:A) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 141,544 shares of the medical research company’s stock after purchasing an additional 5,110 shares during the period. Arizona State Retirement System’s holdings in Agilent Technologies were worth $9,479,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Dupont Capital Management Corp acquired a new position in shares of Agilent Technologies in the 3rd quarter valued at $101,000. Front Row Advisors LLC acquired a new position in shares of Agilent Technologies in the 4th quarter valued at $106,000. AMG National Trust Bank acquired a new position in shares of Agilent Technologies in the 4th quarter valued at $201,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Agilent Technologies in the 3rd quarter valued at $213,000. Finally, Cannell Peter B & Co. Inc. acquired a new position in shares of Agilent Technologies in the 3rd quarter valued at $215,000.
In other Agilent Technologies news, VP Mark Doak sold 4,154 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $67.00, for a total value of $278,318.00. Following the transaction, the vice president now owns 68,270 shares in the company, valued at approximately $4,574,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael R. Mcmullen sold 21,850 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $75.00, for a total transaction of $1,638,750.00. Following the completion of the transaction, the chief executive officer now owns 324,687 shares in the company, valued at approximately $24,351,525. The disclosure for this sale can be found here. Insiders have sold a total of 175,029 shares of company stock worth $12,349,106 in the last 90 days.
Agilent Technologies (NYSE:A) last posted its earnings results on Wednesday, February 14th. The medical research company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Agilent Technologies had a net margin of 4.25% and a return on equity of 17.70%. During the same quarter in the previous year, the business posted $0.53 EPS. research analysts forecast that Agilent Technologies Inc will post 2.67 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the stock. Robert W. Baird reiterated a “buy” rating and issued a $76.00 price target on shares of Agilent Technologies in a report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price target on shares of Agilent Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday. Barclays lifted their price target on shares of Agilent Technologies from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Deutsche Bank set a $75.00 price target on shares of Agilent Technologies and gave the company a “buy” rating in a report on Tuesday, November 21st. Finally, Cowen reiterated a “hold” rating and issued a $70.00 price target on shares of Agilent Technologies in a report on Wednesday, November 22nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Agilent Technologies currently has a consensus rating of “Buy” and an average price target of $70.98.
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Agilent Technologies Company Profile
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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