Economy

Seattle Genetics Inc (NASDAQ:SGEN) Institutional Investor Positioning Change

Seattle Genetics has a 12 month low of $45.31 and a 12 month high of $75.36. The 7 months bullish chart indicates low risk for the $5.66B company. They now have a $75.00 price target on the biotechnology company's stock. About 177,105 shares traded. It is down 13.83% since November 6, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.

Among 18 analysts covering Seattle Genetics (NASDAQ:SGEN), 7 have Buy rating, 0 Sell and 11 Hold. Jefferies Group LLC reissued a "buy" rating and set a $53.00 price target on shares of Seattle Genetics in a report on Thursday, July 27th. Vanguard Group Inc. raised its position in shares of Seattle Genetics by 2.3% during the 2nd quarter.

More notable recent Seattle Genetics, Inc. (NASDAQ:SGEN) or 15,419 shares. Barclays Capital initiated it with "Overweight" rating and $51 target in Thursday, February 4 report. (NASDAQ:SGEN) earned "Hold" rating by Oppenheimer on Tuesday, August 29. Bank of America upgraded it to "Hold" rating and $70.0 target in Friday, October 27 report.

In other Seattle Genetics news, CFO Todd E. Simpson sold 39,385 shares of the company's stock in a transaction dated Wednesday, November 1st.

State Street Corp cut its position in Seattle Genetics, Inc. The firm has "Neutral" rating by Credit Suisse given on Monday, December 12. The rating was maintained by Oppenheimer with "Hold" on Friday, June 2. The rating was maintained by Needham on Monday, June 19 with "Buy". See Seattle Genetics, Inc.

Since May 31, 2017, it had 0 buys, and 2 selling transactions for $1.31 million activity. HIMES VAUGHN B also sold $625,922 worth of Seattle Genetics, Inc. (NASDAQ:SGEN) for 2.72M shares. About 3.84 million shares traded.

TRADEMARK VIOLATION NOTICE: "Seattle Genetics' (NASDAQ:SGEN) Buy Rating Reiterated at HC Wainwright" was first published by StockNewsTimes and is the property of of StockNewsTimes. It has outperformed by 58.98% the S&P500.

Investors sentiment increased to 1.02 in Q2 2017. The analyst recommendations from a month ago are 2 Buy, 2 Strong Buy, 1 Sell, 0 Hold and 7. Sold All: 30 Reduced: 75 Increased: 89 New Position: 48. The investment professionals in our partner's database now hold: 137.48 million shares, down from 138.62 million shares in 2017Q1. Canada Pension Plan Inv Board has 0.01% invested in Seattle Genetics, Inc. (NASDAQ:SGEN) for 1.06M shares.

Seattle Genetics, Inc. (NASDAQ:SGEN) soared 16.32% year-to-date. (NASDAQ:SGEN) for 15.84 million shares. 235 are owned by Ftb. Fmr Limited Liability holds 109.80M shares. The count of Hold ratings in that period was 0. (NASDAQ:SGEN). Moreover, Lagoda Limited Partnership has 7.88% invested in Seattle Genetics, Inc. First National Bank of Omaha acquired a new stake in Seattle Genetics during the third quarter valued at about $201,000. California Pub Employees Retirement Sys owns 228,600 shares or 0.02% of their U.S. portfolio.

Suntrust Banks Inc increased Wal (WMT) stake by 6.92% reported in 2017Q2 SEC filing. Da Davidson reported 0.01% in Seattle Genetics, Inc.

Seattle Genetics, Inc.is a biotechnology firm focused on the development and commercialization of therapies for the treatment of cancer. The company has market cap of $8.58 billion. The Firm is engaged in the development and sale of pharmaceutical products on its own behalf or in collaboration with others. It now has negative earnings. The Company's marketed product ADCETRIS, or brentuximab vedotin, is an antibody-drug conjugate. The stock declined 1.08% or $0.8 reaching $73.24 on the news. Vanguard Group Inc. now owns 7,530,515 shares of the biotechnology company's stock valued at $389,628,000 after buying an additional 167,828 shares during the period. 35 funds opened positions while 66 raised stakes. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.06. Stonebridge Advisors Ltd accumulated 0.99% or 56,674 shares. Liberty Mutual Asset Management invested 0.3% in Wal-Mart Stores Inc (NYSE:WMT).

Hexavest Inc decreased Xcel Energy Inc (NYSE:XEL) stake by 475,166 shares to 333,065 valued at $15.28 million in 2017Q2. Cubist Systematic Strategies Limited Com owns 37,312 shares. Carl Domino stated it has 5,200 shares or 0.31% of all its holdings. The Q1 2018 consensus earnings estimates for the company have stabilized at US$-0.37 per share. It also reduced Neurocrine Biosciences Inc (NASDAQ:NBIX) stake by 150,000 shares and now owns 150,000 shares. Kistler accumulated 0.2% or 6,594 shares. Livforsakringsbolaget Skandia Omsesidigt holds 1.01% or 164,128 shares. Blackrock owns 0% invested in RPC, Inc. WALTON JIM C sold 2.58 million shares worth $202.63 million. The Company's divisions are Technical Services and Support Services. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Therefore 36% are positive. Citigroup Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James to "Hold" on Thursday, October 26. (NYSE:RES) has "Neutral" rating given on Wednesday, June 21 by Seaport Global. The company has an average rating of "Hold" and an average target price of $62.88.



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