Coatue Management buys $95,622,315 stake in Illumina (ILMN)

Illumina (ILMN) : Coatue Management scooped up 88,191 additional shares in Illumina during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 572,623 shares of Illumina which is valued at $95,622,315.Illumina makes up approximately 1.26% of Coatue Management’s portfolio.

Other Hedge Funds, Including , Hbk Sorce Advisory sold out all of its stake in ILMN during the most recent quarter. The investment firm sold 1,711 shares of ILMN which is valued $285,720.Mizuho Asset Managementltd. boosted its stake in ILMN in the latest quarter, The investment management firm added 2,415 additional shares and now holds a total of 3,385 shares of Illumina which is valued at $565,261. Illumina makes up approx 0.10% of Mizuho Asset Managementltd.’s portfolio.Focused Wealth Management Inc boosted its stake in ILMN in the latest quarter, The investment management firm added 653 additional shares and now holds a total of 2,458 shares of Illumina which is valued at $410,461. Illumina makes up approx 0.18% of Focused Wealth Management Inc’s portfolio.Ropes Wealth Advisors boosted its stake in ILMN in the latest quarter, The investment management firm added 363 additional shares and now holds a total of 863 shares of Illumina which is valued at $145,001. Illumina makes up approx 0.05% of Ropes Wealth Advisors’s portfolio.Ibm Retirement Fund boosted its stake in ILMN in the latest quarter, The investment management firm added 364 additional shares and now holds a total of 19,137 shares of Illumina which is valued at $2,885,094. Illumina makes up approx 0.10% of Ibm Retirement Fund’s portfolio.

Illumina closed down -1.79 points or -1.04% at $170.42 with 5,88,321 shares getting traded on Monday. Post opening the session at $172.11, the shares hit an intraday low of $170.25 and an intraday high of $172.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Illumina reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.74. The company had revenue of $571.80 million for the quarter, compared to analysts expectations of $580.44 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Illumina. Illumina was Downgraded by CL King to ” Neutral” on Aug 22, 2016. Company shares were Reiterated by Mizuho on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 148 from a previous price target of $138 .Shares were Downgraded by Morgan Stanley on Jul 5, 2016 to ” Underweight” and Lowered the Price Target to $ 110 from a previous price target of $130 .

Illumina Inc. is engaged in production development of sequencing-and array-based solutions for genetic analysis. The Company offers integrated systems consumables and analysis tools for genetic analysis. It also manufactures sequencing and array platforms reagent kits and scanning equipment. Its customers include genomic research centers academic institutions government laboratories hospitals and reference laboratories pharmaceutical biotechnology agrigenomics commercial molecular diagnostic and consumer genomics companies. Its sequencing instruments perform a range of nucleic-acid analyses across a range of sample sizes. Its products and services are used for basic analysis and research including de novo sequencing genetic variation analysis epigenetics and targeted screening among others. It also provides products and services for other life sciences applied markets such as agrigenomics. It also offers Clarity Run Manager Clarity LIMS Silver and Clarity LIMS Gold.

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