Regeneron Pharmaceuticals Inc (REGN) : Zevenbergen Capital Investments scooped up 17,342 additional shares in Regeneron Pharmaceuticals Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 160,978 shares of Regeneron Pharmaceuticals Inc which is valued at $67,858,666.Regeneron Pharmaceuticals Inc makes up approximately 2.86% of Zevenbergen Capital Investments’s portfolio.
Other Hedge Funds, Including , Winslow Capital Management added REGN to its portfolio by purchasing 835,437 company shares during the most recent quarter which is valued at $352,170,113. Regeneron Pharmaceuticals Inc makes up approx 1.35% of Winslow Capital Management’s portfolio.Lmr Partners Llp boosted its stake in REGN in the latest quarter, The investment management firm added 698 additional shares and now holds a total of 1,549 shares of Regeneron Pharmaceuticals Inc which is valued at $658,511. Regeneron Pharmaceuticals Inc makes up approx 0.10% of Lmr Partners Llp’s portfolio.Alps Advisors Inc reduced its stake in REGN by selling 80 shares or 6.89% in the most recent quarter. The Hedge Fund company now holds 1,081 shares of REGN which is valued at $448,712.
Regeneron Pharmaceuticals Inc opened for trading at $420.15 and hit $424.999 on the upside on Tuesday, eventually ending the session at $420.61, with a gain of 0.47% or 1.96 points. The heightened volatility saw the trading volume jump to 4,52,160 shares. Company has a market cap of $44,288 M.
On the company’s financial health, Regeneron Pharmaceuticals Inc reported $2.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.65. The company had revenue of $1213.00 million for the quarter, compared to analysts expectations of $1237.52 million. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.89 EPS.
Many Wall Street Analysts have commented on Regeneron Pharmaceuticals Inc. Shares were Downgraded by Robert W. Baird on Aug 5, 2016 to ” Neutral” and Lowered the Price Target to $ 448 from a previous price target of $505 .Regeneron Pharmaceuticals Inc was Initiated by Bernstein to “Outperform” on Jun 29, 2016.
Regeneron Pharmaceuticals Inc. is an integrated biopharmaceutical company that discovers invents develops manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases colorectal cancer and a rare inflammatory condition and has product candidates under development in other areas including hypercholesterolemia oncology rheumatoid arthritis (RA) asthma and atopic dermatitis. The Company’s marketed products include EYLEA (aflibercept) injection ZALTRAP (ziv-aflibercept) injection for intravenous infusion and ARCALYST (rilonacept) injection for subcutaneous use. The Company has 17 product candidates in clinical development. Its product candidates consist of two trap-based clinical programs and 15 human monoclonal antibody product candidates. The Company has generated each of the antibodies using its VelocImmune technology.