Teacher Retirement System of Texas increased its stake in shares of Allergan PLC. (NYSE:AGN) by 249.8% during the first quarter, Holdings Channel reports. The firm owned 303,496 shares of the company’s stock after buying an additional 216,745 shares during the period. Teacher Retirement System of Texas’ holdings in Allergan PLC. were worth $72,511,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AGN. Crestwood Advisors Group LLC bought a new position in Allergan PLC. during the first quarter valued at about $103,000. Feltz Wealth PLAN Inc. bought a new position in Allergan PLC. during the first quarter valued at about $107,000. Enterprise Financial Services Corp raised its position in Allergan PLC. by 62.7% in the first quarter. Enterprise Financial Services Corp now owns 462 shares of the company’s stock valued at $110,000 after buying an additional 178 shares during the period. JNBA Financial Advisors raised its position in Allergan PLC. by 2.5% in the first quarter. JNBA Financial Advisors now owns 487 shares of the company’s stock valued at $116,000 after buying an additional 12 shares during the period. Finally, Webster Bank N. A. raised its position in Allergan PLC. by 31.0% in the first quarter. Webster Bank N. A. now owns 520 shares of the company’s stock valued at $124,000 after buying an additional 123 shares during the period. Institutional investors own 84.53% of the company’s stock.

Shares of Allergan PLC. (NYSE AGN) opened at 249.07 on Friday. The firm has a market cap of $83.65 billion, a P/E ratio of 7.76 and a beta of 1.16. The company’s 50 day moving average price is $239.66 and its 200-day moving average price is $234.93. Allergan PLC. has a 12-month low of $184.50 and a 12-month high of $261.27.

Allergan PLC. (NYSE:AGN) last released its quarterly earnings results on Tuesday, May 9th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. Allergan PLC. had a return on equity of 7.29% and a net margin of 82.42%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. On average, equities research analysts anticipate that Allergan PLC. will post $16.08 EPS for the current year.

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AGN has been the topic of several analyst reports. UBS AG reiterated a “buy” rating and issued a $275.00 target price on shares of Allergan PLC. in a research note on Monday, May 15th. Royal Bank Of Canada set a $284.00 target price on Allergan PLC. and gave the company a “buy” rating in a research note on Monday, June 12th. Mizuho cut their target price on Allergan PLC. from $275.00 to $267.00 and set a “buy” rating on the stock in a research note on Friday, June 9th. Cowen and Company set a $400.00 target price on Allergan PLC. and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Deutsche Bank AG lifted their target price on Allergan PLC. from $262.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, March 28th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Allergan PLC. currently has an average rating of “Buy” and a consensus price target of $273.78.

In related news, Director Nesli Basgoz sold 1,889 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $220.45, for a total transaction of $416,430.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.

Allergan PLC. Company Profile

Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.

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Institutional Ownership by Quarter for Allergan PLC. (NYSE:AGN)

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