Allianz Asset Management GmbH lifted its position in shares of Inogen Inc (NASDAQ:INGN) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,629 shares of the medical technology company’s stock after purchasing an additional 1,490 shares during the quarter. Allianz Asset Management GmbH owned about 0.19% of Inogen worth $3,864,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Inogen by 1.9% during the second quarter. BlackRock Inc. now owns 2,150,552 shares of the medical technology company’s stock valued at $205,207,000 after acquiring an additional 39,752 shares during the last quarter. Vanguard Group Inc. increased its position in Inogen by 24.9% during the second quarter. Vanguard Group Inc. now owns 1,515,342 shares of the medical technology company’s stock valued at $144,594,000 after acquiring an additional 301,737 shares during the last quarter. Koch Industries Inc. increased its position in Inogen by 19,485.8% during the second quarter. Koch Industries Inc. now owns 657,102 shares of the medical technology company’s stock valued at $650,000 after acquiring an additional 653,747 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Inogen by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 519,523 shares of the medical technology company’s stock valued at $49,572,000 after acquiring an additional 17,111 shares during the last quarter. Finally, State Street Corp increased its position in Inogen by 6.8% during the second quarter. State Street Corp now owns 425,662 shares of the medical technology company’s stock valued at $40,619,000 after acquiring an additional 27,250 shares during the last quarter.
Shares of Inogen Inc (NASDAQ INGN) traded up $0.42 during mid-day trading on Friday, reaching $115.59. The company’s stock had a trading volume of 177,929 shares, compared to its average volume of 135,002. Inogen Inc has a fifty-two week low of $62.69 and a fifty-two week high of $130.05. The stock has a market capitalization of $2,403.64, a P/E ratio of 93.98, a PEG ratio of 3.90 and a beta of 1.13.
Inogen (NASDAQ:INGN) last issued its quarterly earnings results on Tuesday, November 7th. The medical technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Inogen had a return on equity of 13.37% and a net margin of 11.36%. The firm had revenue of $69.00 million for the quarter, compared to the consensus estimate of $63.55 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. research analysts expect that Inogen Inc will post 1.19 earnings per share for the current year.
A number of research firms have recently weighed in on INGN. BidaskClub lowered Inogen from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Needham & Company LLC upped their price objective on Inogen from $108.00 to $125.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised Inogen from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Thursday, November 9th. Finally, Leerink Swann reissued an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Inogen in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.71.
In other Inogen news, EVP Byron Myers sold 35,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $116.77, for a total transaction of $4,086,950.00. Following the sale, the executive vice president now owns 48,600 shares of the company’s stock, valued at approximately $5,675,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Benjamin M. Anderson sold 1,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $119.06, for a total value of $119,060.00. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $119,060. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,500 shares of company stock worth $9,267,695. Company insiders own 5.31% of the company’s stock.
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Inogen, Inc is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The Company’s Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen anytime, anywhere with a portable device.
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