argenx SE – (ARGX) Holdings Trimmed by Deutsche Bank AG

Deutsche Bank AG lessened its position in shares of argenx SE – (NASDAQ:ARGX) by 48.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,124 shares of the company’s stock after selling 5,727 shares during the quarter. Deutsche Bank AG’s holdings in argenx were worth $588,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ARGX. We Are One Seven LLC acquired a new stake in shares of argenx during the 4th quarter worth approximately $27,000. Partner Investment Management L.P. acquired a new stake in shares of argenx during the 4th quarter worth approximately $110,000. Dimensional Fund Advisors LP grew its position in shares of argenx by 19.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,074 shares of the company’s stock worth $872,000 after buying an additional 1,446 shares during the period. RTW Investments LP grew its position in shares of argenx by 7.2% during the 4th quarter. RTW Investments LP now owns 28,777 shares of the company’s stock worth $2,765,000 after buying an additional 1,924 shares during the period. Finally, Bank of America Corp DE grew its position in shares of argenx by 23.1% during the 4th quarter. Bank of America Corp DE now owns 10,247 shares of the company’s stock worth $984,000 after buying an additional 1,925 shares during the period. 63.62% of the stock is owned by institutional investors and hedge funds.

Shares of ARGX opened at $128.63 on Monday. argenx SE – has a 12-month low of $63.81 and a 12-month high of $135.58. The firm has a market capitalization of $4.14 billion, a P/E ratio of -54.74 and a beta of 1.12.

Several brokerages have recently commented on ARGX. Zacks Investment Research raised shares of argenx from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Wednesday, May 8th. Guggenheim began coverage on shares of argenx in a research report on Friday, February 22nd. They set a “buy” rating and a $157.00 price objective for the company. Wedbush raised their price objective on shares of argenx from $131.00 to $144.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. ValuEngine raised shares of argenx from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of argenx in a research report on Monday, February 4th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. argenx currently has a consensus rating of “Buy” and a consensus target price of $144.27.

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argenx Profile

argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company's lead product candidates include ARGX-113 that completed Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis, immune thrombocytopenia, and pemphigus vulgaris; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

Further Reading: Fundamental Analysis and Individual Investors

Want to see what other hedge funds are holding ARGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for argenx SE – (NASDAQ:ARGX).

Institutional Ownership by Quarter for argenx (NASDAQ:ARGX)

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