Quantamental Technologies LLC Increases Stake in Harris Co. (NYSE:HRS)

Quantamental Technologies LLC raised its stake in Harris Co. (NYSE:HRS) by 329.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,538 shares of the communications equipment provider’s stock after acquiring an additional 7,317 shares during the period. Harris accounts for about 0.7% of Quantamental Technologies LLC’s holdings, making the stock its 3rd biggest holding. Quantamental Technologies LLC’s holdings in Harris were worth $1,804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Harris by 1.5% in the first quarter. BlackRock Inc. now owns 9,702,108 shares of the communications equipment provider’s stock valued at $1,549,525,000 after buying an additional 141,508 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Harris by 2.7% in the second quarter. Janus Henderson Group PLC now owns 5,214,626 shares of the communications equipment provider’s stock valued at $986,252,000 after buying an additional 136,215 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Harris by 42.2% in the first quarter. Artisan Partners Limited Partnership now owns 4,535,465 shares of the communications equipment provider’s stock valued at $724,359,000 after buying an additional 1,346,524 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Harris by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,535,717 shares of the communications equipment provider’s stock valued at $206,424,000 after purchasing an additional 59,854 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Harris by 2.9% in the first quarter. Boston Partners now owns 1,436,119 shares of the communications equipment provider’s stock valued at $229,363,000 after purchasing an additional 40,836 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on HRS. ValuEngine upgraded shares of Harris from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Raymond James lifted their price objective on shares of Harris from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Barclays lifted their price objective on shares of Harris from $205.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of Harris from a “sell” rating to a “hold” rating and set a $201.00 price objective on the stock in a report on Tuesday, April 30th. Finally, Argus lifted their price objective on shares of Harris to $200.00 and gave the company a “positive” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $208.17.

Shares of NYSE HRS remained flat at $$184.96 during midday trading on Friday. 1,072,502 shares of the stock were exchanged, compared to its average volume of 1,293,305. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.42 and a quick ratio of 1.15. Harris Co. has a 12 month low of $123.24 and a 12 month high of $200.77. The company has a market cap of $21.85 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98. The stock has a fifty day simple moving average of $191.84 and a 200 day simple moving average of $177.52.

Harris Company Profile

Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.

Recommended Story: Using the New Google Finance Tool

Want to see what other hedge funds are holding HRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harris Co. (NYSE:HRS).

Institutional Ownership by Quarter for Harris (NYSE:HRS)

Receive News & Ratings for Harris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harris and related companies with MarketBeat.com's FREE daily email newsletter.