Quantbot Technologies LP bought a new position in Agilent Technologies, Inc. (NYSE:A – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor bought 21,730 shares of the medical research company’s stock, valued at approximately $2,886,000.
Several other institutional investors and hedge funds have also recently modified their holdings of A. Evolve Private Wealth LLC bought a new position in shares of Agilent Technologies in the second quarter worth approximately $850,000. Findlay Park Partners LLP bought a new stake in Agilent Technologies during the second quarter valued at approximately $174,281,000. Varma Mutual Pension Insurance Co bought a new stake in Agilent Technologies during the second quarter valued at approximately $11,340,000. Westpac Banking Corp bought a new stake in Agilent Technologies during the second quarter valued at approximately $473,000. Finally, Sumitomo Life Insurance Co. purchased a new position in Agilent Technologies in the 2nd quarter worth approximately $749,000.
Agilent Technologies Stock Performance
NYSE A opened at $159.25 on Monday. The company has a 50-day simple moving average of $137.57 and a two-hundred day simple moving average of $126.17. The company has a quick ratio of 1.62, a current ratio of 2.10 and a debt-to-equity ratio of 0.43. Agilent Technologies, Inc. has a 12-month low of $108.35 and a 12-month high of $160.51. The firm has a market cap of $44.98 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.80 and a beta of 1.25.
Analyst Upgrades and Downgrades
A number of research firms recently commented on A. Wall Street Zen raised Agilent Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Barclays upped their price objective on Agilent Technologies from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Robert W. Baird increased their price objective on Agilent Technologies from $155.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Wells Fargo & Company decreased their price objective on Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, May 28th. Finally, Sanford C. Bernstein initiated coverage on Agilent Technologies in a research report on Friday, June 26th. They issued an “outperform” rating and a $155.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.24.
Read Our Latest Stock Report on Agilent Technologies
About Agilent Technologies
Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.
Founded as a corporate spin-off from Hewlett?Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.
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