Celgene (CELG) Holder Alkeon Capital Management Has Lowered Holding by $5.49 Million; Associated Banc-Corp Has Lowered Its Wells Fargo Co New (WFC) Holding by $2.03 Million; Stock Value Declined

December 7, 2017 - By Richard Conner

Panayotis Takis Sparaggis decreased its stake in Celgene Corp (CELG) by 2.35% based on its latest 2017Q2 regulatory filing with the SEC. Alkeon Capital Management Llc sold 42,566 shares as the company’s stock declined 3.49% while stock markets rallied. The hedge fund run by Panayotis Takis Sparaggis held 1.77 million shares of the major pharmaceuticals company at the end of 2017Q2, valued at $229.74M, down from 1.81 million at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Celgene Corp for a number of months, seems to be less bullish one the $80.44 billion market cap company. The stock decreased 0.38% or $0.39 during the last trading session, reaching $102.17. About 4.28M shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since December 7, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Associated Banc-Corp decreased its stake in Wells Fargo Co New (WFC) by 10.2% based on its latest 2017Q2 regulatory filing with the SEC. Associated Banc-Corp sold 36,965 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 325,347 shares of the major banks company at the end of 2017Q2, valued at $18.03 million, down from 362,312 at the end of the previous reported quarter. Associated Banc-Corp who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $288.41 billion market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $58.57. About 26.76M shares traded or 46.29% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since December 7, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.




Alkeon Capital Management Llc, which manages about $5.66 billion and $12.41B US Long portfolio, upped its stake in Bwx Technologies Inc by 202,132 shares to 1.26M shares, valued at $61.63 million in 2017Q2, according to the filing. It also increased its holding in Analog Devices Inc (NASDAQ:ADI) by 68,377 shares in the quarter, for a total of 2.02M shares, and has risen its stake in Global Pmts Inc (NYSE:GPN).

More notable recent Celgene Corporation (NASDAQ:CELG) news were published by: Businesswire.com which released: “Celgene Corporation to Webcast an Analyst and Investor Event from the American …” on November 21, 2017, also Seekingalpha.com with their article: “Celgene Is Oversold, Buy And Keep Until At Least 2020” published on November 30, 2017, Investorplace.com published: “Trade of the Day: Celgene Corporation Attempts a Breakout” on November 17, 2017. More interesting news about Celgene Corporation (NASDAQ:CELG) were released by: Investorplace.com and their article: “Celgene Corporation Stock Is a Steal Right Now, Here’s Why” published on November 20, 2017 as well as Businesswire.com‘s news article titled: “Celgene Corporation and bluebird bio Announce bb2121 Anti-BCMA CAR-T Cell …” with publication date: November 16, 2017.

Since June 15, 2017, it had 0 insider purchases, and 3 insider sales for $2.36 million activity. Shares for $575,038 were sold by VESSEY RUPERT on Thursday, June 15. On Saturday, June 17 CASEY MICHAEL D sold $1.16 million worth of Celgene Corporation (NASDAQ:CELG) or 9,250 shares.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on January, 25. They expect $1.74 earnings per share, up 23.40% or $0.33 from last year’s $1.41 per share. CELG’s profit will be $1.37B for 14.68 P/E if the $1.74 EPS becomes a reality. After $1.78 actual earnings per share reported by Celgene Corporation for the previous quarter, Wall Street now forecasts -2.25% negative EPS growth.

Investors sentiment increased to 1.34 in 2017 Q2. Its up 0.21, from 1.13 in 2017Q1. It improved, as 60 investors sold CELG shares while 390 reduced holdings. 110 funds opened positions while 494 raised stakes. 602.51 million shares or 1.81% more from 591.78 million shares in 2017Q1 were reported. Estabrook Capital Management owns 300 shares. Messner Smith Theme Value Investment Mngmt Ca has 0.8% invested in Celgene Corporation (NASDAQ:CELG). Carnegie Capital Asset Management Ltd Llc holds 0.19% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 11,316 shares. Park Avenue Securities Lc holds 0.05% or 3,312 shares in its portfolio. Rhumbline Advisers holds 0.39% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 1.31 million shares. Legacy Cap Ptnrs reported 29,520 shares. Maryland-based Rothschild Capital Ltd Liability Com has invested 3% in Celgene Corporation (NASDAQ:CELG). Meyer Handelman invested in 2,100 shares. The Texas-based Argent has invested 0.64% in Celgene Corporation (NASDAQ:CELG). New Mexico Educational Retirement Board reported 0.48% in Celgene Corporation (NASDAQ:CELG). Hanson Doremus Inv Mgmt has 200 shares. Kayne Anderson Rudnick Invest Management Ltd Company holds 0.39% or 304,168 shares in its portfolio. Amer Fincl Grp Inc Inc reported 0.31% of its portfolio in Celgene Corporation (NASDAQ:CELG). Spark Inv Management Ltd Llc owns 142,800 shares or 1.14% of their US portfolio. Moreover, Rathbone Brothers Public Ltd Company has 0.23% invested in Celgene Corporation (NASDAQ:CELG) for 39,581 shares.

Among 31 analysts covering Celgene Corporation (NASDAQ:CELG), 20 have Buy rating, 2 Sell and 9 Hold. Therefore 65% are positive. Celgene Corporation had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by BTIG Research given on Wednesday, June 1. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, October 19. The stock of Celgene Corporation (NASDAQ:CELG) has “Hold” rating given on Friday, May 5 by Argus Research. On Sunday, August 13 the stock rating was maintained by Jefferies with “Buy”. The firm has “Outperform” rating given on Friday, November 17 by BMO Capital Markets. Canaccord Genuity maintained it with “Buy” rating and $156 target in Friday, November 6 report. The stock has “Buy” rating by Credit Suisse on Monday, October 30. Leerink Swann maintained Celgene Corporation (NASDAQ:CELG) on Friday, October 20 with “Buy” rating. The stock of Celgene Corporation (NASDAQ:CELG) earned “Market Perform” rating by Leerink Swann on Friday, February 5. Stifel Nicolaus maintained it with “Buy” rating and $149.0 target in Friday, October 20 report.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.12, from 0.76 in 2017Q1. It is positive, as 85 investors sold WFC shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. 3.66 billion shares or 1.73% less from 3.73 billion shares in 2017Q1 were reported. Mitchell Sinkler Starr Pa invested in 0.43% or 4,710 shares. Ar Asset Mngmt invested in 0.12% or 5,300 shares. 1,050 were accumulated by Sageworth. Seaward Management Lp accumulated 115,969 shares. Amica Retiree Medical Trust owns 35,291 shares or 1.59% of their US portfolio. Department Mb Fin National Bank & Trust N A reported 6,867 shares stake. Manning And Napier Advsr Limited has 0.28% invested in Wells Fargo & Company (NYSE:WFC) for 583,604 shares. Covington Cap Management stated it has 1.03% of its portfolio in Wells Fargo & Company (NYSE:WFC). Vestor Capital Ltd Liability holds 2.31% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 171,688 shares. Agf Invests accumulated 455,233 shares. Marathon Asset Mngmt Llp stated it has 1.69M shares or 1.63% of all its holdings. Pineno Levin Ford Asset Management Inc invested 0.19% in Wells Fargo & Company (NYSE:WFC). 29,823 were reported by Holderness Invests Com. Accredited has invested 0.23% in Wells Fargo & Company (NYSE:WFC). C Wide Group Inc Hldg A S has invested 4.91% in Wells Fargo & Company (NYSE:WFC).

Associated Banc-Corp, which manages about $1.76B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 27,925 shares to 99,992 shares, valued at $15.10 million in 2017Q2, according to the filing. It also increased its holding in Hanesbrands Inc (NYSE:HBI) by 86,951 shares in the quarter, for a total of 547,423 shares, and has risen its stake in Enterprise Prods Partners L (NYSE:EPD).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo Will Outperform” on November 10, 2017, also Reuters.com with their article: “Wells Fargo CEO sees better commercial loan results in fourth quarter” published on December 05, 2017, Latimes.com published: “Wells Fargo, accused of signing up customers for unneeded insurance, could …” on December 06, 2017. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Reuters.com and their article: “In a push upmarket, Wells Fargo gives top brokers raises in 2018” published on December 01, 2017 as well as Fool.com‘s news article titled: “Better Buy: Wells Fargo & Company vs. Bank of America” with publication date: November 30, 2017.

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company had 103 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Vining Sparks with “Strong-Buy” on Friday, April 28. Evercore maintained Wells Fargo & Company (NYSE:WFC) on Wednesday, April 12 with “Outperform” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Sell” rating given on Friday, July 21 by Berenberg. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by BMO Capital Markets on Friday, October 13. Berenberg initiated it with “Hold” rating and $45 target in Wednesday, July 13 report. Susquehanna upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, January 20 to “Positive” rating. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, September 2. Nomura maintained Wells Fargo & Company (NYSE:WFC) on Thursday, September 28 with “Buy” rating. The rating was downgraded by Susquehanna to “Neutral” on Thursday, December 1. UBS maintained the shares of WFC in report on Thursday, September 15 with “Sell” rating.

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