CIBC Asset Management Inc Buys New Stake in Takeda Pharmaceutical Co Ltd (TAK)

CIBC Asset Management Inc bought a new stake in shares of Takeda Pharmaceutical Co Ltd (NYSE:TAK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 721,739 shares of the company’s stock, valued at approximately $14,702,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TAK. Hudock Capital Group LLC bought a new stake in Takeda Pharmaceutical during the first quarter worth approximately $26,000. Contravisory Investment Management Inc. bought a new stake in Takeda Pharmaceutical during the first quarter worth approximately $28,000. Shine Investment Advisory Services Inc. bought a new stake in Takeda Pharmaceutical during the first quarter worth approximately $28,000. Parallel Advisors LLC bought a new stake in Takeda Pharmaceutical during the first quarter worth approximately $33,000. Finally, First Hawaiian Bank bought a new stake in Takeda Pharmaceutical during the first quarter worth approximately $35,000. Institutional investors own 3.63% of the company’s stock.

Shares of NYSE TAK opened at $19.49 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 2.81 and a debt-to-equity ratio of 1.19. Takeda Pharmaceutical Co Ltd has a 1-year low of $15.50 and a 1-year high of $21.99. The company has a market cap of $30.45 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 65.67 and a beta of 0.66.

Several equities research analysts have weighed in on TAK shares. Zacks Investment Research raised Takeda Pharmaceutical from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, March 13th. Goldman Sachs Group reissued a “buy” rating on shares of Takeda Pharmaceutical in a research note on Tuesday, March 19th.

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About Takeda Pharmaceutical

Takeda Pharmaceutical Company Limited, together with its subsidiaries, engages in the research, development, manufacturing, and marketing of pharmaceutical products, over-the-counter medicines and quasi-drug consumer products, and other healthcare products. The company provides medicines in various therapeutic areas comprising gastroenterology, oncology, and neuroscience; and vaccines.

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Institutional Ownership by Quarter for Takeda Pharmaceutical (NYSE:TAK)

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