State Board of Administration of Florida Retirement System Makes New Investment in Design Therapeutics, Inc. (NASDAQ:DSGN)

State Board of Administration of Florida Retirement System bought a new stake in shares of Design Therapeutics, Inc. (NASDAQ:DSGNGet Rating) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,630 shares of the company’s stock, valued at approximately $177,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Design Therapeutics during the 2nd quarter valued at approximately $32,000. Amalgamated Bank purchased a new position in shares of Design Therapeutics during the 1st quarter valued at approximately $63,000. SG Americas Securities LLC purchased a new position in shares of Design Therapeutics during the 2nd quarter valued at approximately $165,000. MetLife Investment Management LLC lifted its position in shares of Design Therapeutics by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 16,885 shares of the company’s stock valued at $273,000 after buying an additional 6,021 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Design Therapeutics by 28.6% during the 1st quarter. JPMorgan Chase & Co. now owns 20,239 shares of the company’s stock valued at $327,000 after buying an additional 4,504 shares in the last quarter. Hedge funds and other institutional investors own 69.34% of the company’s stock.

Design Therapeutics Stock Performance

NASDAQ DSGN opened at $14.36 on Wednesday. The business has a fifty day moving average price of $16.24 and a 200 day moving average price of $16.81. Design Therapeutics, Inc. has a one year low of $9.61 and a one year high of $26.30. The company has a market cap of $802.87 million, a P/E ratio of -14.11 and a beta of 1.51.

Analyst Ratings Changes

Separately, Wedbush increased their target price on Design Therapeutics from $21.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, August 9th.

Design Therapeutics Profile

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Design Therapeutics, Inc a preclinical-stage biopharmaceutical company, engages in the development of therapies for the treatment of genetic diseases caused by nucleotide repeat expansions. The company's portfolio of products comprises Friedreich Ataxia, a monogenic, autosomal recessive, progressive multi-system disease that affects organ systems dependent on mitochondrial function, eventually leading to neurological, cardiac, and metabolic dysfunction; and Myotonic Dystrophy Type-1 (DM1), a dominantly-inherited, monogenic progressive neuromuscular disease affecting skeletal muscle, heart, brain, and other organs.

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Institutional Ownership by Quarter for Design Therapeutics (NASDAQ:DSGN)

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