Zevenbergen Capital Investments buys $99.4 Million stake in Celgene Corporation (CELG)

Celgene Corporation (CELG) : Zevenbergen Capital Investments scooped up 125,090 additional shares in Celgene Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 991,930 shares of Celgene Corporation which is valued at $99.4 Million.Celgene Corporation makes up approximately 4.66% of Zevenbergen Capital Investments’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp added CELG to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $500,800. Celgene Corporation makes up approx 0.06% of Trexquant Investment Lp’s portfolio.Financial Architects Inc reduced its stake in CELG by selling 2,372 shares or 60.22% in the most recent quarter. The Hedge Fund company now holds 1,567 shares of CELG which is valued at $156,951. Celgene Corporation makes up approx 0.06% of Financial Architects Inc’s portfolio.Tdam Usa reduced its stake in CELG by selling 1,252 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 26,768 shares of CELG which is valued at $2.7 Million. Celgene Corporation makes up approx 0.13% of Tdam Usa’s portfolio.Sandy Spring Bank boosted its stake in CELG in the latest quarter, The investment management firm added 9,445 additional shares and now holds a total of 19,493 shares of Celgene Corporation which is valued at $2 Million. Celgene Corporation makes up approx 0.22% of Sandy Spring Bank’s portfolio.Rothschild Investment Corp Il boosted its stake in CELG in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 87,313 shares of Celgene Corporation which is valued at $9 Million. Celgene Corporation makes up approx 1.16% of Rothschild Investment Corp Il’s portfolio.

Celgene Corporation opened for trading at $99.99 and hit $101.8 on the upside on Monday, eventually ending the session at $101.57, with a gain of 1.41% or 1.41 points. The heightened volatility saw the trading volume jump to 24,29,016 shares. Company has a market cap of $78,676 M.

On the company’s financial health, Celgene Corporation reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.27. The company had revenue of $2511.60 million for the quarter, compared to analysts expectations of $2577.08 million. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Celgene Corporation. Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 147 from a previous price target of $145 .Citigroup Initiated Celgene Corporation on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $130.

Celgene Corporation (Celgene) together with its subsidiaries is an integrated biopharmaceutical company engaged primarily in the discovery development and commercialization of therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation. The Company’s primary commercial stage products include REVLIMID (lenalidomide) ABRAXANE POMALYST/IMNOVID VIDAZA azacitidine for injection (generic version of VIDAZA) THALOMID (sold as THALOMID or Thalidomide Celgene outside the United States) OTEZLA (apremilast) and ISTODAX (romidepsin). Celgene is involved in research in a range of scientific areas designed to deliver therapies targeting areas including intracellular signaling pathways protein homeostasis and epigenetics in cancer and immune cells immunomodulation in cancer and autoimmune diseases and therapeutic application of cell therapies.

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