First Hawaiian Bank raised its holdings in BIO-TECHNE Corp (NASDAQ:TECH) by 59.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 219 shares of the biotechnology company’s stock after purchasing an additional 82 shares during the quarter. First Hawaiian Bank’s holdings in BIO-TECHNE were worth $43,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Deutsche Bank AG raised its position in shares of BIO-TECHNE by 197.1% in the fourth quarter. Deutsche Bank AG now owns 159,043 shares of the biotechnology company’s stock worth $23,013,000 after acquiring an additional 105,512 shares during the period. American Century Companies Inc. raised its position in shares of BIO-TECHNE by 331.1% during the 4th quarter. American Century Companies Inc. now owns 156,965 shares of the biotechnology company’s stock worth $22,716,000 after purchasing an additional 120,557 shares during the last quarter. Geode Capital Management LLC raised its position in shares of BIO-TECHNE by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 416,496 shares of the biotechnology company’s stock worth $60,275,000 after purchasing an additional 27,587 shares during the last quarter. Norges Bank acquired a new position in shares of BIO-TECHNE during the 4th quarter worth about $70,995,000. Finally, Actinver Wealth Management Inc. acquired a new position in shares of BIO-TECHNE during the 4th quarter worth about $537,000. 94.08% of the stock is currently owned by institutional investors.
TECH stock opened at $201.50 on Monday. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 49.51, a price-to-earnings-growth ratio of 4.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.35 and a quick ratio of 3.31. BIO-TECHNE Corp has a 12 month low of $132.75 and a 12 month high of $206.04.
TECH has been the subject of a number of recent research reports. Argus reiterated a “buy” rating on shares of BIO-TECHNE in a report on Monday, March 4th. BidaskClub upgraded shares of BIO-TECHNE from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Craig Hallum reiterated a “hold” rating and issued a $179.00 price objective (up previously from $154.00) on shares of BIO-TECHNE in a report on Tuesday, February 5th. Zacks Investment Research upgraded shares of BIO-TECHNE from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Stephens upgraded shares of BIO-TECHNE from an “equal weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a report on Monday, January 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $188.13.
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Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells biotechnology reagents, instruments, and clinical diagnostic controls worldwide. It operates in three segments: Biotechnology, Protein Platforms, and Diagnostics. The Biotechnology segment offers specialized proteins, such as cytokines and growth factors, immunoassays, antibodies, and related reagents to the biotechnology research community; and in situ hybridization, media, and other cell culture products and reagents.
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