Public Employees Retirement Association of Colorado cut its position in shares of Harris Corporation (NYSE:HRS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,837 shares of the communications equipment provider’s stock after selling 126 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Harris Corporation were worth $2,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC raised its position in Harris Corporation by 14.3% in the fourth quarter. Teachers Advisors LLC now owns 178,509 shares of the communications equipment provider’s stock worth $18,292,000 after buying an additional 22,321 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Harris Corporation during the fourth quarter worth approximately $392,000. Chevy Chase Trust Holdings Inc. raised its position in Harris Corporation by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 107,593 shares of the communications equipment provider’s stock worth $11,972,000 after buying an additional 3,746 shares in the last quarter. Fulton Bank N.A. acquired a new position in Harris Corporation during the first quarter worth approximately $202,000. Finally, Contravisory Investment Management Inc. raised its position in Harris Corporation by 303.3% in the first quarter. Contravisory Investment Management Inc. now owns 1,222 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 919 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Harris Corporation (HRS) opened at 117.38 on Tuesday. The stock’s 50 day moving average is $112.47 and its 200-day moving average is $109.74. Harris Corporation has a 52 week low of $88.23 and a 52 week high of $117.42. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 26.46 and a beta of 1.22.

Harris Corporation (NYSE:HRS) last released its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.49. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company earned $1.45 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts expect that Harris Corporation will post $6.00 EPS for the current year.

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HRS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Monday, April 10th. Barclays PLC lowered shares of Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research note on Monday, May 1st. Jefferies Group LLC lifted their price objective on shares of Harris Corporation from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. ValuEngine upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of Harris Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $113.29.

In related news, SVP Robert L. Duffy sold 33,600 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $112.01, for a total value of $3,763,536.00. Following the sale, the senior vice president now owns 50,311 shares of the company’s stock, valued at approximately $5,635,335.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is owned by company insiders.

About Harris Corporation

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Institutional Ownership by Quarter for Harris Corporation (NYSE:HRS)

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