As Seattle Genetics (SGEN) Market Valuation Rose, Holder Sabby Management Cut Position by $2.30 Million; Charter Trust Company Has Boosted Its Rockwell Automation (ROK) Stake

January 24, 2018 - By Clifton Ray

Hal Mintz decreased its stake in Seattle Genetics Inc (SGEN) by 49.92% based on its latest 2017Q3 regulatory filing with the SEC. Sabby Management Llc sold 42,516 shares as the company’s stock rose 1.68% with the market. The hedge fund run by Hal Mintz held 42,646 shares of the health care company at the end of 2017Q3, valued at $2.32M, down from 85,162 at the end of the previous reported quarter. Sabby Management Llc who had been investing in Seattle Genetics Inc for a number of months, seems to be less bullish one the $8.17 billion market cap company. The stock increased 0.83% or $0.47 during the last trading session, reaching $56.76. About 1.28M shares traded or 34.24% up from the average. Seattle Genetics, Inc. (NASDAQ:SGEN) has risen 75.68% since January 24, 2017 and is uptrending. It has outperformed by 58.98% the S&P500.

Charter Trust Company increased its stake in Rockwell Automation Inc (ROK) by 19.48% based on its latest 2017Q3 regulatory filing with the SEC. Charter Trust Company bought 1,951 shares as the company’s stock rose 3.58% with the market. The institutional investor held 11,967 shares of the capital goods company at the end of 2017Q3, valued at $2.13 million, up from 10,016 at the end of the previous reported quarter. Charter Trust Company who had been investing in Rockwell Automation Inc for a number of months, seems to be bullish on the $26.28B market cap company. The stock increased 0.37% or $0.76 during the last trading session, reaching $204.69. About 1.04M shares traded or 21.96% up from the average. Rockwell Automation Inc. (NYSE:ROK) has risen 42.76% since January 24, 2017 and is uptrending. It has outperformed by 26.06% the S&P500.

Among 28 analysts covering Rockwell Automation (NYSE:ROK), 4 have Buy rating, 3 Sell and 21 Hold. Therefore 14% are positive. Rockwell Automation had 57 analyst reports since September 9, 2015 according to SRatingsIntel. Citigroup maintained Rockwell Automation Inc. (NYSE:ROK) rating on Monday, October 9. Citigroup has “Neutral” rating and $187 target. The stock of Rockwell Automation Inc. (NYSE:ROK) earned “Hold” rating by Langenberg on Thursday, April 28. The stock of Rockwell Automation Inc. (NYSE:ROK) earned “Hold” rating by Stifel Nicolaus on Sunday, December 10. The firm has “Hold” rating given on Friday, October 7 by HSBC. The firm has “Hold” rating given on Thursday, July 27 by Oppenheimer. The firm has “Neutral” rating given on Tuesday, April 19 by Citigroup. As per Wednesday, November 11, the company rating was downgraded by Credit Agricole. The firm earned “Equal-Weight” rating on Monday, October 2 by Morgan Stanley. Credit Suisse maintained it with “Hold” rating and $174.0 target in Wednesday, October 11 report. The firm has “Hold” rating by Credit Suisse given on Friday, March 31.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.24, from 1.26 in 2017Q2. It fall, as 42 investors sold ROK shares while 210 reduced holdings. 56 funds opened positions while 201 raised stakes. 86.14 million shares or 1.05% less from 87.06 million shares in 2017Q2 were reported. Pub Employees Retirement Association Of Colorado owns 23,307 shares or 0.03% of their US portfolio. M&T National Bank accumulated 0.02% or 18,269 shares. Kayne Anderson Rudnick Inv Mgmt Limited Liability has invested 0.12% of its portfolio in Rockwell Automation Inc. (NYSE:ROK). Allsquare Wealth Mngmt Ltd Com reported 12 shares. Teachers Retirement System Of The State Of Kentucky owns 14,250 shares for 0.03% of their portfolio. 489,036 were accumulated by Prudential Public Ltd Com. 1St Source Retail Bank holds 0.06% or 4,009 shares. Hemenway Ltd Limited Liability Company stated it has 56,300 shares or 2.09% of all its holdings. Avalon Advisors Llc owns 1,184 shares. Strs Ohio has invested 0% in Rockwell Automation Inc. (NYSE:ROK). Granite Ltd Liability Corp has invested 0.1% in Rockwell Automation Inc. (NYSE:ROK). Hutchinson Cap Mgmt Ca stated it has 0.07% in Rockwell Automation Inc. (NYSE:ROK). Spectrum Mgmt Group Incorporated holds 12,780 shares or 0.74% of its portfolio. Cleararc holds 0.1% of its portfolio in Rockwell Automation Inc. (NYSE:ROK) for 3,693 shares. Landscape Cap Mgmt Ltd holds 0.04% or 2,508 shares in its portfolio.

Charter Trust Company, which manages about $826.64M US Long portfolio, decreased its stake in Csx Corp (NYSE:CSX) by 10,195 shares to 31,421 shares, valued at $1.71 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Ftse China 25 Index Fu (FXI) by 8,994 shares in the quarter, leaving it with 70,686 shares, and cut its stake in Spdr (XLV).

Since July 31, 2017, it had 0 insider purchases, and 12 sales for $12.77 million activity. 3,000 shares valued at $495,161 were sold by DORGAN DAVID M on Wednesday, August 16. $293,016 worth of Rockwell Automation Inc. (NYSE:ROK) was sold by Moret Blake D.. $27,893 worth of Rockwell Automation Inc. (NYSE:ROK) shares were sold by Goris Patrick P.. The insider Fooks Elik I sold 3,000 shares worth $496,092. Kulaszewicz Frank C sold $1.33M worth of Rockwell Automation Inc. (NYSE:ROK) on Monday, August 7. 20,000 shares were sold by NOSBUSCH KEITH D, worth $3.31 million on Monday, July 31.

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.52, from 1.3 in 2017Q2. It dived, as 51 investors sold SGEN shares while 74 reduced holdings. 29 funds opened positions while 69 raised stakes. 140.23 million shares or 2.00% more from 137.48 million shares in 2017Q2 were reported. Hsbc Public Limited has invested 0% of its portfolio in Seattle Genetics, Inc. (NASDAQ:SGEN). Keybank Natl Association Oh reported 0% stake. Wasatch Advsrs holds 0.75% or 1.02M shares in its portfolio. Wells Fargo Mn holds 46,069 shares. 10,000 were reported by Pioneer Trust Retail Bank N A Or. Millennium Limited Liability Corporation owns 36,526 shares for 0% of their portfolio. Bank Of America De owns 403,670 shares or 0% of their US portfolio. Cap Intl Ltd Ca holds 1.17% or 324,515 shares in its portfolio. State Of Wisconsin Inv Board has 18,684 shares for 0% of their portfolio. Price T Rowe Associate Md owns 0.03% invested in Seattle Genetics, Inc. (NASDAQ:SGEN) for 3.54 million shares. Tocqueville Asset Lp stated it has 0.02% in Seattle Genetics, Inc. (NASDAQ:SGEN). Shine Advisory Svcs holds 157 shares. Moreover, Us Fincl Bank De has 0% invested in Seattle Genetics, Inc. (NASDAQ:SGEN). Profund Advsr Limited Liability Corporation stated it has 0.09% of its portfolio in Seattle Genetics, Inc. (NASDAQ:SGEN). Tekla Cap Ltd Llc invested 0.44% of its portfolio in Seattle Genetics, Inc. (NASDAQ:SGEN).

Sabby Management Llc, which manages about $835.79 million and $1.53 billion US Long portfolio, upped its stake in Ionis Pharmaceuticals Inc (Call) by 130 shares to 1,423 shares, valued at $7.22M in 2017Q3, according to the filing. It also increased its holding in Ishares Russell 2000 (Put) by 1,922 shares in the quarter, for a total of 5,980 shares, and has risen its stake in Alnylam Pharmaceuticals Inc (Call).

Analysts await Seattle Genetics, Inc. (NASDAQ:SGEN) to report earnings on February, 8. They expect $-0.46 EPS, down 17.95% or $0.07 from last year’s $-0.39 per share. After $-0.19 actual EPS reported by Seattle Genetics, Inc. for the previous quarter, Wall Street now forecasts 142.11% negative EPS growth.

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