Jennison Associates LLC Acquires New Position in Perspecta Inc (PRSP)

Share on StockTwits

Jennison Associates LLC acquired a new stake in shares of Perspecta Inc (NASDAQ:PRSP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 267,322 shares of the company’s stock, valued at approximately $5,493,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Westpac Banking Corp acquired a new stake in Perspecta during the second quarter valued at approximately $147,000. LS Investment Advisors LLC acquired a new stake in Perspecta during the second quarter valued at approximately $190,000. Crossmark Global Holdings Inc. acquired a new stake in Perspecta during the second quarter valued at approximately $217,000. Oldfield Partners LLP acquired a new stake in Perspecta during the second quarter valued at approximately $171,000. Finally, Meyer Handelman Co. acquired a new stake in Perspecta during the second quarter valued at approximately $238,000.

Shares of Perspecta stock opened at $23.18 on Friday. Perspecta Inc has a twelve month low of $19.84 and a twelve month high of $27.68.

Perspecta (NASDAQ:PRSP) last announced its quarterly earnings results on Tuesday, August 14th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $793.00 million for the quarter, compared to analyst estimates of $1.05 billion.

A number of analysts have recently weighed in on the company. Loop Capital assumed coverage on Perspecta in a research report on Thursday, August 9th. They set a “hold” rating and a $23.00 price target on the stock. Cowen reiterated a “buy” rating and set a $32.00 price target on shares of Perspecta in a research report on Thursday, August 2nd. Vertical Research assumed coverage on Perspecta in a research report on Tuesday, June 26th. They set a “hold” rating on the stock. Finally, Wells Fargo & Co assumed coverage on Perspecta in a research report on Wednesday, June 20th. They set a “market perform” rating and a $24.00 price target on the stock.

Perspecta Company Profile

There is no company description available for Perspecta Inc

Featured Story: Price to Earnings Ratio (PE), For Valuing Stocks

Want to see what other hedge funds are holding PRSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perspecta Inc (NASDAQ:PRSP).

Institutional Ownership by Quarter for Perspecta (NASDAQ:PRSP)

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

Leave a Reply