Ionis Pharmaceuticals Inc (IONS) Shares Bought by Legal & General Group Plc

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Legal & General Group Plc raised its stake in Ionis Pharmaceuticals Inc (NASDAQ:IONS) by 14.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,576 shares of the company’s stock after buying an additional 8,653 shares during the quarter. Legal & General Group Plc’s holdings in Ionis Pharmaceuticals were worth $3,816,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IONS. Two Sigma Advisers LP increased its holdings in Ionis Pharmaceuticals by 96.9% in the fourth quarter. Two Sigma Advisers LP now owns 606,911 shares of the company’s stock valued at $32,810,000 after buying an additional 298,700 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Ionis Pharmaceuticals by 252.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 410,699 shares of the company’s stock valued at $22,202,000 after purchasing an additional 294,184 shares during the last quarter. BlackRock Inc. grew its position in shares of Ionis Pharmaceuticals by 2.9% in the fourth quarter. BlackRock Inc. now owns 7,676,257 shares of the company’s stock valued at $414,977,000 after purchasing an additional 213,000 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Ionis Pharmaceuticals by 34.8% in the fourth quarter. Two Sigma Investments LP now owns 727,545 shares of the company’s stock valued at $39,331,000 after purchasing an additional 187,876 shares during the last quarter. Finally, Vanguard Group Inc grew its position in shares of Ionis Pharmaceuticals by 1.4% in the third quarter. Vanguard Group Inc now owns 11,091,298 shares of the company’s stock valued at $572,089,000 after purchasing an additional 157,770 shares during the last quarter. 85.05% of the stock is owned by institutional investors.

In related news, SVP Patrick R. O’neil sold 19,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $59.25, for a total transaction of $1,161,300.00. Following the sale, the senior vice president now owns 23,673 shares in the company, valued at $1,402,625.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Richard S. Geary sold 46,240 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $84.01, for a total transaction of $3,884,622.40. Following the sale, the senior vice president now owns 45,442 shares in the company, valued at approximately $3,817,582.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 339,205 shares of company stock worth $24,034,607. 2.44% of the stock is owned by company insiders.

Several analysts have recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Ionis Pharmaceuticals in a research report on Tuesday. They issued a “neutral” rating and a $68.00 price target on the stock. Zacks Investment Research lowered shares of Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. increased their price target on shares of Ionis Pharmaceuticals from $47.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Piper Jaffray Companies set a $75.00 price target on shares of Ionis Pharmaceuticals and gave the company a “neutral” rating in a research report on Friday, March 22nd. Finally, ValuEngine upgraded shares of Ionis Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.33.

IONS stock opened at $84.61 on Friday. Ionis Pharmaceuticals Inc has a 12 month low of $39.07 and a 12 month high of $86.58. The company has a market capitalization of $11.59 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 256.41 and a beta of 2.42. The company has a current ratio of 7.88, a quick ratio of 7.85 and a debt-to-equity ratio of 0.53.

Ionis Pharmaceuticals (NASDAQ:IONS) last announced its earnings results on Wednesday, February 27th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $2.20. Ionis Pharmaceuticals had a net margin of 45.64% and a return on equity of 41.89%. The firm had revenue of $192.00 million for the quarter, compared to analyst estimates of $159.59 million. During the same quarter last year, the business earned ($0.03) earnings per share. Ionis Pharmaceuticals’s revenue was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Ionis Pharmaceuticals Inc will post 0.02 EPS for the current fiscal year.

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Ionis Pharmaceuticals Company Profile

Ionis Pharmaceuticals, Inc discovers and develops RNA-targeted therapeutics. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; and Kynamro an oligonucleotide inhibitor for use in patients with homozygous familial hypercholesterolemia to reduce low density lipoprotein-cholesterol, apolipoprotein B, total cholesterol, and non-high density lipoprotein.

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Institutional Ownership by Quarter for Ionis Pharmaceuticals (NASDAQ:IONS)

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