Creative Planning increased its stake in Leidos Holdings Inc. (NYSE:LDOS) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,547 shares of the company’s stock after buying an additional 4,969 shares during the period. Creative Planning’s holdings in Leidos Holdings were worth $1,279,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LDOS. Ameriprise Financial Inc. increased its stake in Leidos Holdings by 594.3% in the second quarter. Ameriprise Financial Inc. now owns 1,703,529 shares of the company’s stock worth $81,548,000 after buying an additional 1,458,156 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Leidos Holdings by 131.2% in the second quarter. Prudential Financial Inc. now owns 1,264,515 shares of the company’s stock worth $60,532,000 after buying an additional 717,616 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Leidos Holdings during the second quarter worth $28,931,000. Adage Capital Partners GP L.L.C. increased its stake in shares of Leidos Holdings by 214.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 554,484 shares of the company’s stock worth $26,543,000 after buying an additional 378,402 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Leidos Holdings by 5.2% in the second quarter. Vanguard Group Inc. now owns 6,803,065 shares of the company’s stock worth $325,663,000 after buying an additional 337,766 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Leidos Holdings (NYSE:LDOS)

Shares of Leidos Holdings Inc. (NYSE:LDOS) traded up 2.01% during trading on Tuesday, reaching $51.26. 1,669,283 shares of the company’s stock traded hands. Leidos Holdings Inc. has a 52-week low of $37.79 and a 52-week high of $59.52. The company’s 50-day moving average is $44.32 and its 200 day moving average is $45.77. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 13.32 and a beta of 1.55.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, November 3rd. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.29. Leidos Holdings had a net margin of 5.36% and a return on equity of 18.93%. The company earned $1.87 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business earned $0.73 earnings per share. Leidos Holdings’s revenue was up 43.5% compared to the same quarter last year. Equities analysts forecast that Leidos Holdings Inc. will post $3.56 EPS for the current year.

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A number of analysts have recently weighed in on the stock. Credit Suisse Group AG raised shares of Leidos Holdings from a “neutral” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Monday, November 21st. Jefferies Group reaffirmed a “hold” rating and set a $44.00 price target on shares of Leidos Holdings in a report on Tuesday, November 8th. Zacks Investment Research raised shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, November 8th. Argus assumed coverage on shares of Leidos Holdings in a report on Wednesday, September 7th. They set a “buy” rating and a $54.00 price target for the company. Finally, Citigroup Inc. assumed coverage on shares of Leidos Holdings in a report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Leidos Holdings has an average rating of “Buy” and a consensus price target of $49.50.

In other news, Director Surya N. Mohapatra acquired 3,276 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was bought at an average cost of $46.27 per share, for a total transaction of $151,580.52. Following the completion of the transaction, the director now owns 9,419 shares of the company’s stock, valued at $435,817.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Surya N. Mohapatra acquired 3,575 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was purchased at an average price of $41.48 per share, with a total value of $148,291.00. Following the completion of the transaction, the director now directly owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

About Leidos Holdings

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

5 Day Chart for NYSE:LDOS

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