Takeda Pharmaceutical Co. (NYSE:TAK – Get Free Report) insider Andrew Stewart Plump sold 19,651 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $18.49, for a total transaction of $363,346.99. Following the completion of the sale, the insider owned 261,656 shares of the company’s stock, valued at approximately $4,838,019.44. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew Stewart Plump also recently made the following trade(s):
- On Monday, August 10th, Andrew Stewart Plump sold 165,393 shares of Takeda Pharmaceutical stock. The shares were sold at an average price of $17.10, for a total transaction of $2,828,220.30.
Takeda Pharmaceutical Trading Up 0.2%
Shares of TAK stock traded up $0.04 on Friday, hitting $18.17. 1,479,067 shares of the company’s stock traded hands, compared to its average volume of 3,162,046. The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of 53.44 and a beta of -0.08. The company’s fifty day simple moving average is $16.75 and its 200 day simple moving average is $17.18. Takeda Pharmaceutical Co. has a one year low of $12.99 and a one year high of $18.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 1.14.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on TAK. Zacks Research upgraded Takeda Pharmaceutical from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen raised Takeda Pharmaceutical from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings downgraded Takeda Pharmaceutical from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on TAK
Hedge Funds Weigh In On Takeda Pharmaceutical
A number of hedge funds have recently modified their holdings of TAK. Renaissance Technologies LLC lifted its stake in shares of Takeda Pharmaceutical by 14.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,989,100 shares of the company’s stock valued at $55,358,000 after purchasing an additional 370,800 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Takeda Pharmaceutical in the fourth quarter worth $998,000. Quantinno Capital Management LP raised its holdings in Takeda Pharmaceutical by 20.6% in the first quarter. Quantinno Capital Management LP now owns 1,289,326 shares of the company’s stock worth $23,878,000 after purchasing an additional 219,999 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Takeda Pharmaceutical by 19.0% in the first quarter. Bleakley Financial Group LLC now owns 431,602 shares of the company’s stock worth $7,993,000 after purchasing an additional 68,844 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Takeda Pharmaceutical during the second quarter valued at $351,000. Hedge funds and other institutional investors own 9.17% of the company’s stock.
Takeda Pharmaceutical Company Profile
Takeda Pharmaceutical Company Limited (NYSE: TAK) is a Tokyo-based, multinational biopharmaceutical company with roots dating back to 1781. The company researches, develops, manufactures and commercializes pharmaceutical and biopharmaceutical products for patients worldwide. Takeda is publicly listed and operates as a fully integrated R&D-driven healthcare company focused on delivering specialty medicines and therapies across a range of therapeutic areas.
Takeda’s main business activities encompass discovery and development of prescription medicines, clinical development and regulatory affairs, manufacturing of small molecules and biologics, and global commercial operations.
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