Sectoral Asset Management Inc Lowers stake in DexCom (DXCM)

DexCom (DXCM) : Sectoral Asset Management Inc reduced its stake in DexCom by 30.98% during the most recent quarter end. The investment management company now holds a total of 394,466 shares of DexCom which is valued at $35,711,007 after selling 177,093 shares in DexCom , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.DexCom makes up approximately 3.38% of Sectoral Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in DXCM in the latest quarter, The investment management firm added 7,767 additional shares and now holds a total of 94,511 shares of DexCom which is valued at $8,556,081. DexCom makes up approx 0.02% of Rhumbline Advisers’s portfolio.Calvert Investment Management boosted its stake in DXCM in the latest quarter, The investment management firm added 455 additional shares and now holds a total of 4,990 shares of DexCom which is valued at $455,238. DexCom makes up approx 0.02% of Calvert Investment Management’s portfolio.Rothschild Capital Partners reduced its stake in DXCM by selling 1,758 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 66,359 shares of DXCM which is valued at $5,883,389. DexCom makes up approx 3.02% of Rothschild Capital Partners’s portfolio.

DexCom opened for trading at $91.58 and hit $92.64 on the upside on Monday, eventually ending the session at $91.65, with a gain of 0.45% or 0.41 points. The heightened volatility saw the trading volume jump to 7,21,626 shares. Company has a market cap of $7,688 M.

On the company’s financial health, DexCom reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.12. The company had revenue of $137.30 million for the quarter, compared to analysts expectations of $132.54 million. The company’s revenue was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on DexCom. Company shares were Reiterated by The Benchmark Company on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $86 .

Dexcom Inc. (Dexcom) is a medical device company. The Company is focused on the design development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers for the treatment of people with and without diabetes. Its products consist of DexCom G4 DexCom G4 PLATINUM and DexCom Share System. The DexCom G4 PLATINUM with Share uses a wireless connection between a patient’s receiver and an application on the patient’s iPhone to transmit glucose information to applications on the mobile devices of up to five designated recipients or followers who can remotely monitor a patient’s glucose information and receive alert notifications anywhere they have an Internet connection. SweetSpot’s data transfer service is a Medical Device Data System (MDDS) and allows researchers to control the transfer of data from certain diabetes devices to research tools and databases according to their own research workflows.

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