Shares of Agilent Technologies gained greater than 3% in after-hours buying and selling on Monday after hedge fund investor Invoice Ackman revealed
Shares of Agilent Technologies gained greater than 3% in after-hours buying and selling on Monday after hedge fund investor Invoice Ackman revealed he has taken a stake within the lab testing gear maker.
A regulatory submitting confirmed Ackman’s hedge fund, Pershing Sq. Capital, owns greater than 2.9 million Agilent shares, bringing his stake to round $246 million.
Some investors had speculated that Ackman’s subsequent huge tech purchase could be Netflix. Don Bilson, head of event-driven analysis at Gordon Haskett, was among the many analysts considering the well-known hedge fund investor and activist could also be snapping up a stake within the video streamer. Bilson particularly cited a big mysterious choices commerce for an unknown purchaser by an funding financial institution.
Shares of Netflix fell barely in after hours buying and selling when the Agilent stake was revealed. When requested in regards to the hypothesis final month, a Pershing spokesperson declined to remark. This stake does not completely rule out that Ackman could be shopping for some Netflix however it made it much less possible in some buyers eyes.
Ackman’s hedge fund has been on fireplace this yr after a three-year drought. Within the first half of the yr alone, Pershing Sq. boasted a return of 45%.
Not too long ago, Ackman raised his stake in actual property firm Howard Hughes to 14.8% from 12.6%.