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Agilent Technologies Inc. (NYSE:A): Hedge Funds and Insiders Are Bullish, What Should You Do?

Agilent Technologies Inc. (NYSE:A) has experienced an increase in support from the world’s most elite money managers of late.

Agilent Technologies Inc

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With these “truths” under our belt, let’s take a glance at the recent action regarding Agilent Technologies Inc. (NYSE:A).

What have hedge funds been doing with Agilent Technologies Inc. (NYSE:A)?

At year’s end, a total of 34 of the hedge funds we track held long positions in this stock, a change of 21% from the third quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes meaningfully.

According to our comprehensive database, Greenhaven Associates, managed by Edgar Wachenheim, holds the most valuable position in Agilent Technologies Inc. (NYSE:A). Greenhaven Associates has a $141 million billion position in the stock, comprising 4.3% of its 13F portfolio. Sitting at the No. 2 spot is Senator Investment Group, managed by Doug Silverman, which held a $82 million call position; 1.8% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include Arthur B Cohen and Joseph Healey’s Healthcor Management LP, Phill Gross and Robert Atchinson’s Adage Capital Management and Doug Silverman’s Senator Investment Group.

As aggregate interest increased, key money managers have jumped into Agilent Technologies Inc. (NYSE:A) headfirst. Senator Investment Group, managed by Doug Silverman, initiated the biggest call position in Agilent Technologies Inc. (NYSE:A). Senator Investment Group had 82 million invested in the company at the end of the quarter. Robert Pohly’s Samlyn Capital also initiated a $35 million position during the quarter. The following funds were also among the new A investors: Christopher Lord’s Criterion Capital, Clint Carlson’s Carlson Capital, and Donald Chiboucis’s Columbus Circle Investors.

How are insiders trading Agilent Technologies Inc. (NYSE:A)?

Bullish insider trading is at its handiest when the company in question has seen transactions within the past half-year. Over the last half-year time period, Agilent Technologies Inc. (NYSE:A) has experienced 1 unique insiders buying, and 11 insider sales (see the details of insider trades here).

With the returns exhibited by our tactics, everyday investors must always pay attention to hedge fund and insider trading sentiment, and Agilent Technologies Inc. (NYSE:A) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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