Leidos Holdings, Inc. $LDOS Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 20.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,972 shares of the aerospace company’s stock after buying an additional 56,905 shares during the quarter. Allianz Asset Management GmbH owned 0.26% of Leidos worth $64,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Leidos during the second quarter valued at about $261,501,000. Alliancebernstein L.P. grew its position in Leidos by 64.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock worth $241,256,000 after purchasing an additional 598,974 shares during the last quarter. AQR Capital Management LLC grew its position in Leidos by 21.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock worth $223,731,000 after purchasing an additional 250,555 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Leidos by 1,427.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock valued at $49,054,000 after purchasing an additional 242,600 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Leidos by 753.0% in the second quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock worth $34,067,000 after buying an additional 190,625 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their price objective on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Bank of America lifted their price target on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. UBS Group set a $204.00 price objective on Leidos in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.09.

Leidos Stock Down 0.8%

Leidos stock opened at $188.36 on Thursday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $205.77. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.32 and a beta of 0.59. The business’s 50-day moving average price is $188.88 and its 200 day moving average price is $185.29. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.61 by $0.44. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Insider Activity

In other news, insider Elizabeth A. Porter sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the sale, the insider directly owned 38,575 shares in the company, valued at $7,414,500.75. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.