Norges Bank Purchases New Position in Pfenex Inc (PFNX)

Norges Bank purchased a new stake in Pfenex Inc (NYSEAMERICAN:PFNX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 305,910 shares of the biotechnology company’s stock, valued at approximately $976,000.

A number of other institutional investors also recently modified their holdings of PFNX. Renaissance Technologies LLC raised its holdings in Pfenex by 18.7% in the 3rd quarter. Renaissance Technologies LLC now owns 1,206,005 shares of the biotechnology company’s stock valued at $6,163,000 after acquiring an additional 189,705 shares during the last quarter. Vanguard Group Inc raised its holdings in Pfenex by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 1,219,880 shares of the biotechnology company’s stock valued at $6,233,000 after acquiring an additional 34,844 shares during the last quarter. BlackRock Inc. raised its holdings in Pfenex by 17.7% in the 3rd quarter. BlackRock Inc. now owns 1,550,390 shares of the biotechnology company’s stock valued at $7,923,000 after acquiring an additional 233,517 shares during the last quarter. Falcon Point Capital LLC raised its holdings in Pfenex by 3.3% in the 4th quarter. Falcon Point Capital LLC now owns 80,205 shares of the biotechnology company’s stock valued at $256,000 after acquiring an additional 2,590 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Pfenex by 678.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 90,151 shares of the biotechnology company’s stock valued at $461,000 after acquiring an additional 78,563 shares during the last quarter.

A number of analysts have commented on the stock. William Blair reiterated a “buy” rating on shares of Pfenex in a report on Tuesday, April 2nd. Zacks Investment Research upgraded shares of Pfenex from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Friday, March 15th. Finally, Wedbush restated an “outperform” rating on shares of Pfenex in a report on Thursday, March 7th.

Shares of NYSEAMERICAN PFNX opened at $5.61 on Tuesday. Pfenex Inc has a 1 year low of $3.13 and a 1 year high of $8.42.

Pfenex (NYSEAMERICAN:PFNX) last announced its quarterly earnings results on Monday, March 11th. The biotechnology company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.09. The firm had revenue of $3.35 million for the quarter, compared to analyst estimates of $6.28 million.

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Pfenex Company Profile

Pfenex Inc, a clinical-stage development and licensing biotechnology company, focuses on developing protein therapies for unmet patient needs. Its lead product candidates include PF708, a therapeutic equivalent drug candidate to Forteo (teriparatide) for the treatment of osteoporosis; and novel anthrax vaccine candidates, such as Px563L and RPA563 that have completed Phase Ia clinical study.

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Institutional Ownership by Quarter for Pfenex (NYSEAMERICAN:PFNX)

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