Polen Capital Management buys $332,118,720 stake in Regeneron Pharmaceuticals Inc (REGN)

Regeneron Pharmaceuticals Inc (REGN) : Polen Capital Management scooped up 81,780 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 12, 2016. The investment management firm now holds a total of 787,870 shares of Regeneron Pharmaceuticals Inc which is valued at $332,118,720.Regeneron Pharmaceuticals Inc makes up approximately 3.96% of Polen Capital Management’s portfolio.

Other Hedge Funds, Including , Deimos Asset Management added REGN to its portfolio by purchasing 8,500 company shares during the most recent quarter which is valued at $3,583,090. Regeneron Pharmaceuticals Inc makes up approx 2.99% of Deimos Asset Management’s portfolio.Eaton Vance Management boosted its stake in REGN in the latest quarter, The investment management firm added 107,300 additional shares and now holds a total of 111,550 shares of Regeneron Pharmaceuticals Inc which is valued at $47,001,593. Regeneron Pharmaceuticals Inc makes up approx 0.13% of Eaton Vance Management’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in REGN by selling 5,047 shares or 7.2% in the most recent quarter. The Hedge Fund company now holds 65,005 shares of REGN which is valued at $28,691,257. Regeneron Pharmaceuticals Inc makes up approx 0.73% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Signaturefd boosted its stake in REGN in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 72 shares of Regeneron Pharmaceuticals Inc which is valued at $30,609.Nordea Investment Management Ab boosted its stake in REGN in the latest quarter, The investment management firm added 9,480 additional shares and now holds a total of 33,264 shares of Regeneron Pharmaceuticals Inc which is valued at $12,796,661. Regeneron Pharmaceuticals Inc makes up approx 0.04% of Nordea Investment Management Ab’s portfolio.

Regeneron Pharmaceuticals Inc closed down -3.59 points or -0.89% at $399.38 with 5,54,880 shares getting traded on Monday. Post opening the session at $405.15, the shares hit an intraday low of $396.58 and an intraday high of $405.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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