Abiomed Inc (NASDAQ:ABMD).
Primecap Management Co/ca/ reports that it lowered its position in Abiomed Inc stock by 216,198 shares as reported in a filing on 11/16/2017. Its stake was worth $711,136,000 an increase of $75,731,000 according to the filing.
Several firms have shifted positions in (ABMD). Henderson Group Plc grew its ownership by buying 574,647 shares an increase of 114.4%. Henderson Group Plc currently owns 1,076,829 shares worth $181,553,000. The total value of its holdings increased 188.8%. As of the end of the quarter Renaissance Technologies LLC had acquired 195,201 shares growing its stake by 21.9%. The value in dollars went from $127,999,000 to $183,508,000 a change of $55,509,000 since the last quarter.
Brown Capital Management LLC divested its position by selling 7,406 shares a decrease of 0.5% as of 09/30/2017. Brown Capital Management LLC now holds 1,387,071 shares with a value of $233,860,000. The value of the position overall is up by 17.0%.
On November 1 SunTrust Banks made no change to the stock rating of “Buy” with a current price target of $195.00. On October 29, 2017 BTIG Research reiterated a “Hold” rating on the company.
Equity analyst Piper Jaffray Companies raised the price target on October 26 boosting the projection from $0.00 to $200.00 and issued a “Overweight” rating.
October 12 investment analysts at Leerink Swann left the stock rating at “Outperform” targeting a price of $200.00. Equity analyst SunTrust Banks updated its forecast on ABMD with an initial rating of “Buy”.
The company is now up by 1.01% since yesterday’s close of 193.11. Abiomed Inc currently has a P/E ratio of 95.97 and the market cap of the company is 8.62B. As of the latest earnings report the EPS was $2.03 with 44.22M shares presently outstanding.
Traders are more bullish on the company recently if you look at the motion in short interest. The company had a fall in short interest from September 29, 2017 to October 13, 2017 of -13.42%. Short shares fell from 1,621,769 to 1,404,077 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.03% as of October 13.