Scout Investments Inc. Purchases New Position in Illumina, Inc. (ILMN)
Scout Investments Inc. purchased a new stake in Illumina, Inc. (NASDAQ:ILMN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 73,448 shares of the life sciences company’s stock, valued at approximately $14,631,000. Scout Investments Inc. owned approximately 50,306.85% of Illumina as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in ILMN. Dupont Capital Management Corp acquired a new position in shares of Illumina during the 3rd quarter worth approximately $153,000. Advisory Services Network LLC boosted its holdings in shares of Illumina by 13.0% during the 2nd quarter. Advisory Services Network LLC now owns 772 shares of the life sciences company’s stock worth $134,000 after purchasing an additional 89 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Illumina by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 884 shares of the life sciences company’s stock worth $153,000 after purchasing an additional 102 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its holdings in shares of Illumina by 5.6% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the life sciences company’s stock worth $165,000 after purchasing an additional 50 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in shares of Illumina by 11.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 985 shares of the life sciences company’s stock worth $171,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.
ILMN has been the topic of several recent research reports. Leerink Swann restated an “outperform” rating and set a $225.00 target price (up from $207.00) on shares of Illumina in a report on Tuesday, September 12th. Piper Jaffray Companies restated an “overweight” rating and set a $226.00 target price (up from $202.00) on shares of Illumina in a report on Monday, October 9th. Janney Montgomery Scott upgraded Illumina from a “sell” rating to a “neutral” rating in a report on Monday, October 23rd. Citigroup Inc. upped their price objective on Illumina from $180.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation upped their price objective on Illumina from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $200.88.
In related news, SVP Charles Dadswell sold 145 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $205.71, for a total transaction of $29,827.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay T. Flatley sold 20,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $194.73, for a total transaction of $3,894,600.00. Following the transaction, the director now directly owns 539,176 shares of the company’s stock, valued at $104,993,742.48. The disclosure for this sale can be found here. Insiders have sold 187,964 shares of company stock valued at $38,454,069 in the last quarter. Insiders own 1.60% of the company’s stock.
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Illumina, Inc. (ILMN) opened at $208.94 on Friday. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41. Illumina, Inc. has a 12 month low of $119.37 and a 12 month high of $214.50. The stock has a market cap of $30,603.06, a price-to-earnings ratio of 61.29, a price-to-earnings-growth ratio of 3.46 and a beta of 0.74.
Illumina (NASDAQ:ILMN) last announced its earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. Illumina had a net margin of 30.34% and a return on equity of 19.42%. The business had revenue of $714.00 million during the quarter, compared to the consensus estimate of $692.77 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts forecast that Illumina, Inc. will post 3.75 EPS for the current fiscal year.
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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