PBU The Pension Fund of Early Childhood & Youth Educators Purchases Shares of 48,121 DexCom, Inc. $DXCM

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in DexCom, Inc. (NASDAQ:DXCMFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 48,121 shares of the medical device company’s stock, valued at approximately $3,194,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gradient Investments LLC boosted its stake in DexCom by 13.8% in the fourth quarter. Gradient Investments LLC now owns 332,006 shares of the medical device company’s stock worth $22,035,000 after purchasing an additional 40,343 shares in the last quarter. Nordea Investment Management AB boosted its stake in DexCom by 118.6% in the fourth quarter. Nordea Investment Management AB now owns 254,315 shares of the medical device company’s stock worth $16,988,000 after purchasing an additional 137,986 shares in the last quarter. NEOS Investment Management LLC boosted its stake in DexCom by 58.7% in the third quarter. NEOS Investment Management LLC now owns 175,982 shares of the medical device company’s stock worth $11,842,000 after purchasing an additional 65,066 shares in the last quarter. Banco Santander S.A. boosted its stake in DexCom by 28.9% in the third quarter. Banco Santander S.A. now owns 250,310 shares of the medical device company’s stock worth $16,843,000 after purchasing an additional 56,062 shares in the last quarter. Finally, Banque Pictet & Cie SA boosted its stake in DexCom by 58.2% in the fourth quarter. Banque Pictet & Cie SA now owns 109,823 shares of the medical device company’s stock worth $7,289,000 after purchasing an additional 40,411 shares in the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.

Insider Transactions at DexCom

In other DexCom news, insider Kevin R. Sayer sold 26,759 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $72.00, for a total value of $1,926,648.00. Following the transaction, the insider owned 382,482 shares of the company’s stock, valued at approximately $27,538,704. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jon Coleman sold 4,912 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $73.00, for a total value of $358,576.00. Following the completion of the transaction, the executive vice president directly owned 100,361 shares in the company, valued at $7,326,353. The trade was a 4.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 42,694 shares of company stock worth $3,029,267. 0.28% of the stock is owned by insiders.

Key Headlines Impacting DexCom

Here are the key news stories impacting DexCom this week:

DexCom Trading Up 0.4%

Shares of DXCM opened at $72.86 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.95 and a debt-to-equity ratio of 0.42. DexCom, Inc. has a 12-month low of $54.11 and a 12-month high of $89.98. The firm has a market capitalization of $28.11 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The stock’s fifty day simple moving average is $64.83 and its 200-day simple moving average is $66.98.

DexCom (NASDAQ:DXCMGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The medical device company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. DexCom had a return on equity of 33.33% and a net margin of 19.31%.The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, research analysts predict that DexCom, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DXCM. Weiss Ratings reissued a “hold (c-)” rating on shares of DexCom in a research note on Monday, June 1st. Robert W. Baird set a $80.00 price objective on DexCom in a research note on Friday, May 1st. Evercore raised DexCom from an “in-line” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Tuesday, March 24th. Wells Fargo & Company reduced their price objective on DexCom from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Finally, Barclays reaffirmed an “underweight” rating and set a $64.00 price target (down from $67.00) on shares of DexCom in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.63.

Check Out Our Latest Analysis on DXCM

DexCom Profile

(Free Report)

DexCom, Inc is a medical device company that develops, manufactures and distributes continuous glucose monitoring (CGM) systems for people with diabetes. Its products are designed to provide near real-time glucose readings, trend information and alerts to help patients and clinicians manage insulin dosing and reduce hypoglycemia and hyperglycemia. The company’s offerings combine wearable glucose sensors, wireless transmitters and software applications that deliver data to smartphones, dedicated receivers and cloud-based platforms for remote monitoring.

Founded in 1999 and headquartered in San Diego, California, DexCom has focused its business on advancing CGM technology and expanding clinical use beyond traditional insulin-dependent populations.

Featured Stories

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Institutional Ownership by Quarter for DexCom (NASDAQ:DXCM)

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