08:05 AM EDT, 07/03/2024 (MT Newswires) -- Artisan Investments has raised its stake in medical devices maker Royal Philips (PHG) to 10%, according to a Dutch regulatory filing.

The company, a unit of US asset manager Artisan Partners, raised its stake to 10.01% as of June 28, according to the filing, up from a previous stake of more than 9%, a Philips spokesman told Reuters

The news comes after top Philips investor Exor, operated by Italy's Agnelli family, boosted its stake to 17.51% from 16.1%, Bloomberg reported.

Philips' shares were 1.7% higher in US premarket trading.

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