Arrowstreet Capital Limited Partnership lifted its position in Koninklijke Philips N.V. (NYSE:PHG) by 25.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,344,199 shares of the technology company’s stock after acquiring an additional 1,081,936 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.57% of Koninklijke Philips N.V. worth $191,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHG. First Trust Advisors LP grew its stake in shares of Koninklijke Philips N.V. by 36.8% in the 1st quarter. First Trust Advisors LP now owns 47,086 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 12,669 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Koninklijke Philips N.V. by 7.7% in the 1st quarter. JPMorgan Chase & Co. now owns 166,472 shares of the technology company’s stock worth $5,346,000 after acquiring an additional 11,957 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Koninklijke Philips N.V. by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,767 shares of the technology company’s stock worth $217,000 after acquiring an additional 167 shares in the last quarter. Ngam Advisors L.P. grew its stake in shares of Koninklijke Philips N.V. by 274.6% in the 1st quarter. Ngam Advisors L.P. now owns 94,503 shares of the technology company’s stock worth $3,034,000 after acquiring an additional 69,273 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Koninklijke Philips N.V. in the 1st quarter worth $6,343,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

PHG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Koninklijke Philips N.V. from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Tuesday, August 29th. Deutsche Bank AG downgraded shares of Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price target on shares of Koninklijke Philips N.V. in a report on Monday, July 3rd. Natixis downgraded shares of Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Koninklijke Philips N.V. in a report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Koninklijke Philips N.V. presently has an average rating of “Buy” and a consensus target price of $37.67.

Shares of Koninklijke Philips N.V. (PHG) traded down 0.48% during trading on Friday, hitting $41.10. 2,258,628 shares of the company were exchanged. The stock has a market capitalization of $38.51 billion, a PE ratio of 21.75 and a beta of 1.36. The company has a 50 day moving average of $40.03 and a 200-day moving average of $36.50. Koninklijke Philips N.V. has a 1-year low of $28.19 and a 1-year high of $42.25.

Koninklijke Philips N.V. (NYSE:PHG) last released its quarterly earnings data on Monday, July 24th. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.18). Koninklijke Philips N.V. had a return on equity of 8.92% and a net margin of 6.39%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. Koninklijke Philips N.V.’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that Koninklijke Philips N.V. will post $1.95 earnings per share for the current year.

Koninklijke Philips N.V. announced that its board has approved a stock repurchase program on Wednesday, June 28th that allows the company to repurchase shares. This repurchase authorization allows the technology company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Koninklijke Philips N.V. Company Profile

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

Institutional Ownership by Quarter for Koninklijke Philips N.V. (NYSE:PHG)

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