Economy

Biogen Idec Inc Stock as Institutional Investors Exit

Therefore 82% are positive. They issued a "hold" rating and a $340.00 price target on the stock. RBC Capital Markets maintained Comcast Corporation (NASDAQ:CMCSA) rating on Friday, July 7. The firm earned "Overweight" rating on Friday, December 18 by Atlantic Securities. Northwestern Mutual Wealth Company owns 28,195 shares or 0.06% of their USA portfolio. The company's quarterly revenue was up 4.1% compared to the same quarter a year ago. As per Tuesday, August 25, the company rating was initiated by Citigroup. The stock of PTC Therapeutics, Inc. Ten equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. BMO Capital Markets has "Hold" rating and $31800 target. (NASDAQ:BIIB) in a research note released on Monday, October 23rd, MarketBeat Ratings reports. RBC Capital Markets has "Buy" rating and $4500 target. (NASDAQ:PTCT) earned "Sell" rating by J.P. Morgan on Monday, October 9. See PTC Therapeutics, Inc. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/02/biogen-inc-biib-shares-bought-by-bp-plc.html. Bedell Frazier Inv Counseling Limited holds 5.3% of its portfolio in Biogen Inc (NASDAQ:BIIB) for 53,514 shares. Old Mutual Global Investors UK Ltd. now owns 599,956 shares of the biotechnology company's stock worth $187,858,000 after purchasing an additional 114,455 shares during the last quarter. Biogen Inc now has $66.00B valuation.

In other Biogen news, Director Caroline Dorsa sold 27,570 shares of the business's stock in a transaction that occurred on Thursday, September 22nd. About 446,828 shares traded. It has underperformed by 11.76% the S&P500.

Biogen Inc (NASDAQ:BIIB) has risen 4.94% since November 2, 2016 and is uptrending.

Since June 9, 2017, it had 0 insider buys, and 1 sale for $277,840 activity. It worsened, as 81 investors sold BIIB shares while 321 reduced holdings. 110 funds opened positions while 468 raised stakes. The hedge funds in our partner's database now hold: 180.66 million shares, down from 182.50 million shares in 2017Q1.

Reilly Financial Advisors Ltd reported 1,075 shares stake. Parsons Capital Mngmt Ri has invested 0.05% of its portfolio in Biogen Inc (NASDAQ:BIIB). Meeder Asset Management Inc. increased its holdings in Biogen by 64.6% during the third quarter. Fifth Third Bank & Trust reported 0.15% in Biogen Inc (NASDAQ:BIIB). Cubist Systematic Strategies Ltd Com invested in 0.13% or 54,003 shares. Raymond James Financial Service Advsrs stated it has 416,850 shares or 0.11% of all its holdings. 29 were accumulated by Lenox Wealth Mgmt. During the same quarter in the prior year, the firm posted $5.19 earnings per share. Moreover, Stephens Inc Ar has 0.17% invested in Biogen Inc (NASDAQ:BIIB) for 18,740 shares. 9,251 were accumulated by Meridian Mgmt. Legg Mason Asset Management (Japan) Limited holds 0.67% or 3,000 shares. Franklin Res reported 0.19% in Biogen Inc (NASDAQ:BIIB).

Ratings analysis reveals 66% of Biogen Idec Inc.'s analysts are positive. (NASDAQ:BIIB), 19 have Buy rating, 0 Sell and 10 Hold. The lowest target is $268 while the high is $450. The stock has "Overweight" rating by Morgan Stanley on Thursday, October 5. As per Tuesday, February 7, the company rating was upgraded by Citigroup. RBC Capital Markets maintained the shares of BIIB in report on Wednesday, October 4 with "Hold" rating. The firm has "Buy" rating by H.C. Wainwright given on Wednesday, October 25. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with "Hold". Finally, Jefferies Group LLC reiterated a hold rating and set a $310.00 target price on shares of Biogen in a research report on Tuesday, July 11th. Bernstein initiated Biogen Inc (NASDAQ:BIIB) on Wednesday, June 29 with "Outperform" rating.

Ami Asset Management Corp increased Snyders (NASDAQ:LNCE) stake by 57,686 shares to 350,617 valued at $12.14 million in 2017Q2. It also reduced Ferro Corp (NYSE:FOE) stake by 17,900 shares and now owns 177,951 shares.

PTC Therapeutics, Inc.is a biopharmaceutical company. The company has market cap of $65.65 billion. The Firm is focused on the discovery, development and commercialization of medicines using its expertise in ribonucleic acid biology. Analysts expect that Biogen will post $20.08 earnings per share for the current year. The Company's product pipeline includes Ataluren (Translarna), PTC596 and RG7916. About 838,001 shares traded. PTC Therapeutics, Inc. (NASDAQ:PTCT) has risen 104.51% since November 2, 2016 and is uptrending. Its down 0.24, from 1.16 in 2017Q1. Ahl Prtnrs Ltd Liability Partnership invested in 17,647 shares. 17 funds opened positions while 30 raised stakes. Geode Cap Management Lc holds 0% of its portfolio in PTC Therapeutics, Inc. (NASDAQ:PTCT) for 291,415 shares. The stock rose 0.74% or $0.12 reaching $16.44 per share.

Tirschwell & Loewy Inc, which manages about $679.14M and $637.22M US Long portfolio, upped its stake in Analog Devices (NASDAQ:ADI) by 8,734 shares to 328,315 shares, valued at $25.54 million in 2017Q2, according to the filing. Royal Comml Bank Of Canada stated it has 0.04% of its portfolio in Biogen Inc (NASDAQ:BIIB). (NASDAQ:PTCT) for 50,672 shares. Institutional investors own 87.71% of the company's stock. (NASDAQ:PTCT). Pacad Investment Ltd has invested 0.01% in PTC Therapeutics, Inc.

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