Assenagon Asset Management S.A. Adds $37M in DexCom, Inc. ($DXCM)
Key Points
- Assenagon Asset Management S.A. changed its DexCom, Inc. ($DXCM) stake by 40.2% last quarter, boosting to 1,719,249 shares worth $129.37 million.
- Wall Street's consensus rating on $DXCM is Strong Buy and an average price target of $84.67.
- $DXCM last traded around $75.25.
Assenagon Asset Management S.A. increased its position in DexCom, Inc. ($DXCM) by 40.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,719,249 shares of DexCom, Inc. after buying 492,800 shares during the quarter. Assenagon Asset Management S.A.'s holdings in DexCom, Inc. were worth $129.37 million as of its most recent filing.
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About DexCom, Inc.
DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally. The company offers Dexcom G7 and G7 15 Day, an integrated continuous glucose monitoring system; Dexcom G6, a CGM system; Dexcom ONE+ to replace fingerstick blood glucose testing for diabetes treatment decisions; Stelo, a biosensor designed for adults with prediabetes and Type 2 diabetes who do not use insulin; Dexcom Share, a remote monitoring system; and Dexcom Follow application. It markets its products directly to endocrinologists, physicians, and diabetes educators. The company was incorporated in 1999 and is headquartered in San Diego, California.
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