37,037 Shares in Halozyme Therapeutics, Inc. $HALO Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 37,037 Halozyme shares worth approximately $2.9 million, while institutional investors collectively own 97.79% of the company.
• Halozyme exceeded quarterly expectations with $2.28 in EPS versus $1.79 forecast and $481 million in revenue, up 47.7% year over year. The company issued FY2026 EPS guidance of $8.65–$9.00.
• Analysts remain broadly positive, with nine Buy ratings and an average “Moderate Buy” consensus, although the average price target of $91.20 is below the stock’s reported $110.19 price. Insiders have also sold 32,478 shares worth about $3.08 million over the past three months.

Public Employees Retirement System of Ohio purchased a new stake in shares of Halozyme Therapeutics, Inc. (NASDAQ:HALO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,037 shares of the biopharmaceutical company's stock, valued at approximately $2,899,000.

Several other large investors have also recently added to or reduced their stakes in HALO. Horizon Investment Services LLC acquired a new position in shares of Halozyme Therapeutics in the 2nd quarter worth approximately $2,254,000. Mizuho Markets Americas LLC raised its position in Halozyme Therapeutics by 270.8% in the 4th quarter. Mizuho Markets Americas LLC now owns 1,268,673 shares of the biopharmaceutical company's stock valued at $85,382,000 after purchasing an additional 926,526 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Halozyme Therapeutics in the 2nd quarter valued at $2,035,000. Aurora Investment Counsel acquired a new position in Halozyme Therapeutics in the second quarter worth $1,427,000. Finally, Great Lakes Advisors LLC acquired a new position in Halozyme Therapeutics in the second quarter worth $2,821,000. 97.79% of the stock is owned by institutional investors.

Halozyme Therapeutics Trading Down 0.5%

NASDAQ:HALO opened at $110.19 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. Halozyme Therapeutics, Inc. has a 1-year low of $61.22 and a 1-year high of $111.15. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 0.43 and a beta of 0.88. The business's 50-day moving average price is $90.76 and its two-hundred day moving average price is $75.82.

Halozyme Therapeutics (NASDAQ:HALO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The biopharmaceutical company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.49. The company had revenue of $481.00 million during the quarter, compared to analysts' expectations of $402.28 million. Halozyme Therapeutics had a return on equity of 260.98% and a net margin of 24.86%.Halozyme Therapeutics's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. Halozyme Therapeutics has set its FY 2026 guidance at 8.650-9.000 EPS. On average, equities analysts expect that Halozyme Therapeutics, Inc. will post 7.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on HALO shares. 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 report on Friday, August 7th. TD Cowen increased their price objective on Halozyme Therapeutics from $96.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Leerink Partners raised Halozyme Therapeutics from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $83.00 to $110.00 in a research note on Friday, August 7th. Citigroup restated a "market outperform" rating on shares of Halozyme Therapeutics in a research report on Friday, August 7th. Finally, UBS Group reaffirmed a "buy" rating and set a $90.00 price target on shares of Halozyme Therapeutics in a research note on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.20.

Key Halozyme Therapeutics News

Here are the key news stories impacting Halozyme Therapeutics this week:

• Positive Sentiment: Analyst maintains Buy rating: HC Wainwright reaffirmed its Buy rating on Halozyme Therapeutics, supporting the bullish view of the company’s growth outlook. HC Wainwright Reaffirms Buy Rating for Halozyme Therapeutics
• Positive Sentiment: Higher earnings expectations: Zacks Research raised its FY2026 EPS forecast to $8.24 from $7.56, above the provided consensus estimate of $7.98. It also lifted forecasts for several 2027 and 2028 quarters, including FY2027 EPS to $9.01 from $8.96, indicating improving expectations for Halozyme’s earnings trajectory. Zacks Research Issues Positive Forecast for HALO Earnings
• Positive Sentiment: Value and growth appeal: Zacks included HALO among four high-growth stocks with discounted PEG ratios for 2026. The designation may attract investors seeking earnings growth at a relatively reasonable valuation, particularly after Halozyme’s strong recent results and revenue growth. 4 High-Growth GARP Stocks With Discounted PEG Ratios for 2026
• Neutral Sentiment: Momentum has been strong: HALO recently hit a new one-year high, reflecting investor enthusiasm and continued upward momentum. However, trading near that high can also increase sensitivity to profit-taking and valuation concerns. Halozyme Therapeutics Hits New 1-Year High
• Negative Sentiment: One longer-term estimate was trimmed: Zacks lowered its FY2028 EPS forecast to $10.06 from $10.21, a minor reduction that partially offsets the otherwise positive revisions.

Insiders Place Their Bets

In related news, Director Bernadette Connaughton sold 1,626 shares of the company's stock in a transaction on 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 $4,154,970.40. This represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mahesh Krishnan sold 7,304 shares of the firm's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $75.00, for a total value of $547,800.00. Following the sale, the director directly owned 14,462 shares in the company, valued at $1,084,650. The trade was a 33.56% 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 three months, insiders have sold 32,478 shares of company stock worth $3,076,604. Company insiders own 2.50% of the company's stock.

Halozyme Therapeutics Company 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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