Twin Tree Management Lp buys $5,395,280 stake in Illumina (ILMN)

Illumina (ILMN) : Twin Tree Management Lp scooped up 27,612 additional shares in Illumina during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 32,309 shares of Illumina which is valued at $5,395,280.Illumina makes up approximately 1.03% of Twin Tree Management Lp’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) sold out all of its stake in ILMN during the most recent quarter. The investment firm sold 62 shares of ILMN which is valued $10,353.Jennison Associates reduced its stake in ILMN by selling 1,706,135 shares or 31.59% in the most recent quarter. The Hedge Fund company now holds 3,694,262 shares of ILMN which is valued at $609,737,943. Illumina makes up approx 0.64% of Jennison Associates’s portfolio.Kornitzer Capital Management Inc Ks boosted its stake in ILMN in the latest quarter, The investment management firm added 2,430 additional shares and now holds a total of 42,202 shares of Illumina which is valued at $7,020,303. Illumina makes up approx 0.13% of Kornitzer Capital Management Inc Ks’s portfolio.Retirement Systems Of Alabama boosted its stake in ILMN in the latest quarter, The investment management firm added 2,934 additional shares and now holds a total of 189,245 shares of Illumina which is valued at $30,705,001. Illumina makes up approx 0.17% of Retirement Systems Of Alabama’s portfolio.

Illumina opened for trading at $168.72 and hit $169.0495 on the upside on Thursday, eventually ending the session at $168.56, with a gain of 0.13% or 0.22 points. The heightened volatility saw the trading volume jump to 5,62,774 shares. Company has a market cap of $24,711 M.

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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