146,113 Shares in Halozyme Therapeutics, Inc. $HALO Acquired by Harvey Capital Management Inc.

Key Points

• Harvey Capital Management acquired 146,113 shares of Halozyme Therapeutics valued at approximately $11.4 million, making the stock about 2.4% of its portfolio. Institutional investors collectively own 97.79% of Halozyme’s shares.
• Halozyme reported quarterly EPS of $2.28, beating estimates of $1.79, while revenue rose 47.7% year over year to $481 million. The company issued fiscal 2026 EPS guidance of $8.65–$9.00.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $91.20, although the stock was trading at $106.92. Insiders have sold 64,103 shares worth about $5.2 million over the past 90 days.

Harvey Capital Management Inc. purchased a new position in Halozyme Therapeutics, Inc. (NASDAQ:HALO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 146,113 shares of the biopharmaceutical company's stock, valued at approximately $11,436,000. Halozyme Therapeutics makes up approximately 2.4% of Harvey Capital Management Inc.'s portfolio, making the stock its 9th largest position. Harvey Capital Management Inc. owned 0.13% of Halozyme Therapeutics as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MidFirst Bank bought a new position in shares of Halozyme Therapeutics in the 2nd quarter worth $27,000. Larson Financial Group LLC increased its stake in Halozyme Therapeutics by 3,118.2% during the 3rd quarter. Larson Financial Group LLC now owns 354 shares of the biopharmaceutical company's stock valued at $26,000 after purchasing an additional 343 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Halozyme Therapeutics during the 2nd quarter valued at $28,000. Measured Wealth Private Client Group LLC raised its holdings in Halozyme Therapeutics by 51.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 365 shares of the biopharmaceutical company's stock worth $25,000 after buying an additional 124 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Halozyme Therapeutics during the second quarter worth $30,000. Institutional investors own 97.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup reaffirmed a "market outperform" rating on shares of Halozyme Therapeutics in a research note on Friday, August 7th. TD Cowen boosted their target price on shares of Halozyme Therapeutics from $96.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Leerink Partners upgraded shares of Halozyme Therapeutics from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $83.00 to $110.00 in a report on Friday, August 7th. Citizens Jmp raised their price target on shares of Halozyme Therapeutics from $92.00 to $93.00 and gave the company a "market outperform" rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Halozyme Therapeutics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.20.

Halozyme Therapeutics Trading Down 0.1%

NASDAQ HALO opened at $106.92 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.31 and a debt-to-equity ratio of 13.50. The business has a fifty day simple moving average of $86.27 and a 200 day simple moving average of $74.57. Halozyme Therapeutics, Inc. has a 12 month low of $61.22 and a 12 month high of $109.66. The firm has a market capitalization of $12.14 billion, a P/E ratio of 31.92, a PEG ratio of 0.43 and a beta of 0.85.

Halozyme Therapeutics (NASDAQ:HALO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The biopharmaceutical company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.49. Halozyme Therapeutics had a net margin of 24.86% and a return on equity of 260.98%. The firm had revenue of $481.00 million for the quarter, compared to the consensus estimate of $402.28 million. During the same period in the previous year, the firm earned $1.54 EPS. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. Halozyme Therapeutics has set its FY 2026 guidance at 8.650-9.000 EPS. On average, analysts predict that Halozyme Therapeutics, Inc. will post 7.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Halozyme Therapeutics news, Director Bernadette Connaughton sold 1,626 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $102.80, for a total value of $167,152.80. Following the completion of the sale, the director owned 40,418 shares in the company, valued at approximately $4,154,970.40. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Helen Torley sold 20,000 shares of Halozyme Therapeutics stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $104.18, for a total transaction of $2,083,600.00. Following the transaction, the chief executive officer directly owned 767,780 shares in the company, valued at approximately $79,987,320.40. This represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 64,103 shares of company stock worth $5,226,496. 2.50% of the stock is owned by insiders.

Halozyme Therapeutics Profile

Halozyme Therapeutics, Inc is a biopharmaceutical company headquartered in San Diego, California, that specializes in the development and commercialization of novel drug-delivery technologies. Founded in 1998, Halozyme focuses on enabling subcutaneous administration of biologic therapies through its proprietary platforms. The company's core mission is to improve patient access and convenience while maintaining efficacy and safety profiles comparable to or better than traditional routes of administration.

The company's flagship technology, ENHANZE®, is based on recombinant human hyaluronidase PH20 (rHuPH20), an enzyme that transiently degrades hyaluronan in the extracellular matrix.

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