Northern Trust Corp increased its holdings in shares of argenx SE – (NASDAQ:ARGX) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,418 shares of the company’s stock after acquiring an additional 1,285 shares during the quarter. Northern Trust Corp’s holdings in argenx were worth $1,029,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ARGX. Redmile Group LLC raised its position in argenx by 182.2% in the second quarter. Redmile Group LLC now owns 673,300 shares of the company’s stock valued at $55,790,000 after purchasing an additional 434,700 shares during the last quarter. Orbimed Advisors LLC grew its stake in argenx by 19.9% in the second quarter. Orbimed Advisors LLC now owns 599,300 shares of the company’s stock valued at $49,658,000 after acquiring an additional 99,300 shares during the period. BB Biotech AG grew its stake in argenx by 13.2% in the second quarter. BB Biotech AG now owns 449,049 shares of the company’s stock valued at $37,208,000 after acquiring an additional 52,230 shares during the period. Acuta Capital Partners LLC lifted its holdings in shares of argenx by 12.2% in the second quarter. Acuta Capital Partners LLC now owns 453,233 shares of the company’s stock valued at $37,555,000 after purchasing an additional 49,412 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its holdings in shares of argenx by 102.6% in the second quarter. Granahan Investment Management Inc. MA now owns 95,419 shares of the company’s stock valued at $7,906,000 after purchasing an additional 48,319 shares in the last quarter. 64.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ARGX stock opened at $105.71 on Thursday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -75.51 and a beta of 1.67. argenx SE – has a 52-week low of $28.83 and a 52-week high of $111.43.
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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.
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