Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $17,996,640 stake in Celgene Corporation (CELG)

Celgene Corporation (CELG) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 3,144 additional shares in Celgene Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 182,707 shares of Celgene Corporation which is valued at $17,996,640.Celgene Corporation makes up approximately 0.40% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in CELG in the latest quarter, The investment management firm added 39,333 additional shares and now holds a total of 486,989 shares of Celgene Corporation which is valued at $47,968,417. Celgene Corporation makes up approx 0.39% of National Pension Service’s portfolio.Vontobel Asset Management Inc reduced its stake in CELG by selling 635,105 shares or 24.75% in the most recent quarter. The Hedge Fund company now holds 1,931,014 shares of CELG which is valued at $201,346,830. Celgene Corporation makes up approx 1.60% of Vontobel Asset Management Inc’s portfolio.Fisher Asset Management reduced its stake in CELG by selling 4,358 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 199,770 shares of CELG which is valued at $20,830,018. Celgene Corporation makes up approx 0.04% of Fisher Asset Management’s portfolio.E&g Advisors Lp boosted its stake in CELG in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 14,318 shares of Celgene Corporation which is valued at $1,492,938. Celgene Corporation makes up approx 0.88% of E&g Advisors Lp’s portfolio.Raymond James Trust N.a. boosted its stake in CELG in the latest quarter, The investment management firm added 1,383 additional shares and now holds a total of 17,784 shares of Celgene Corporation which is valued at $1,854,338. Celgene Corporation makes up approx 0.16% of Raymond James Trust N.a.’s portfolio.

Celgene Corporation closed down -2.13 points or -2.12% at $98.5 with 43,17,515 shares getting traded on Friday. Post opening the session at $101.25, the shares hit an intraday low of $98.48 and an intraday high of $101.389 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Celgene Corporation reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.39. The company had revenue of $2754.00 million for the quarter, compared to analysts expectations of $2709.02 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

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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