Bio-TechneTECH
Market Cap: $11.3B
About: Based in Minnesota, Bio-Techne is a life sciences manufacturer supplying consumables and instruments for the pharma, biotech, academic, and diagnostic markets. It reports in two segments: protein sciences (75% of revenue) and diagnostics and genomics (25%). The protein sciences segment sells reagents and analytical instruments used in life sciences research, including antibodies used in protein analysis. The diagnostics and genomics segment sells diagnostic reagents, molecular diagnostics, and spatial biology products. The United States accounts for about 55% of revenue. The firm also has operations in Europe, the Middle East, and Africa (20% of sales), the UK (5%), and Asia-Pacific (15%), with the rest of the world accounting for the remaining 5%.
Employees: 3,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
336% more call options, than puts
Call options by funds: $23.6M | Put options by funds: $5.42M
39% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 49
3% more funds holding
Funds holding: 543 [Q1] → 562 (+19) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 209
1% less capital invested
Capital invested by funds: $11.3B [Q1] → $11.2B (-$169M) [Q2]
3.56% less ownership
Funds ownership: 102.55% [Q1] → 98.99% (-3.56%) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Benchmark Robert Wasserman 43% 1-year accuracy 16 / 37 met price target | 33%upside $95 | Buy Reiterated | 13 Aug 2024 |
RBC Capital Conor McNamara 40% 1-year accuracy 14 / 35 met price target | 2%downside $70 | Sector Perform Maintained | 8 Aug 2024 |
Baird Catherine Schulte 80% 1-year accuracy 8 / 10 met price target | 15%upside $82 | Outperform Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 5 articles about TECH published over the past 30 days