Forbes J M & Co Llp Cut Its Position in Abbvie (ABBV) by $8.61 Million as Share Price Declined; Brant Point Investment Management Trimmed Ptc (Put) (PTC) Holding by $13.70 Million; Stock Price Declined

AbbVie Inc. (NYSE:ABBV) Logo

Forbes J M & Co Llp decreased its stake in Abbvie Inc (ABBV) by 93.12% based on its latest 2018Q3 regulatory filing with the SEC. Forbes J M & Co Llp sold 91,619 shares as the company’s stock declined 6.62% with the market. The institutional investor held 6,765 shares of the major pharmaceuticals company at the end of 2018Q3, valued at $640,000, down from 98,384 at the end of the previous reported quarter. Forbes J M & Co Llp who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $119.74 billion market cap company. The stock decreased 0.62% or $0.5 during the last trading session, reaching $79.6. About 3.16M shares traded. AbbVie Inc. (NYSE:ABBV) has declined 7.04% since March 4, 2018 and is downtrending. It has underperformed by 7.04% the S&P500. Some Historical ABBV News: 23/04/2018 – Merck: EMA Validates Type II Variation for KEYTRUDA in Combination With Pemetrexed and Platinum Chemotherapy; 09/04/2018 – Merck: Keytruda Monotherapy Meets Primary Endpoint in Phase 3 Study; 26/04/2018 – ABBVIE 1Q REV. $7.93B, EST. $7.6B; 13/03/2018 – ABBVIE INC – WOMEN IN STUDY WILL CONTINUE IN EITHER POST-TREATMENT FOLLOW-UP OR A BLINDED SIX-MONTH EXTENSION STUDY; 12/03/2018 – ADXS, $AZN.GB: $ADXS Announces Clinical Hold in Axalimogene Filolisbac Phase 1/2 Combination Study with AstraZeneca’s IMFINZI® (Durvalumab) – ! $AZN.GB $ADXS; 16/05/2018 – Merck:Evidence Continues to Support the Role of KEYTRUDA as a Foundational Treatment for Many Types of Cancer; 08/05/2018 – J&J’s Janssen: FDA Approval Marks the Fifth Indication for Darzalex, Which Is the First CD38-Directed Antibody to Be Approved Anywhere; 24/04/2018 – ELI LILLY – 2018 REV GROWTH ALSO EXPECTED TO BE DRIVEN BY NEW PRODUCTS INCLUDING VERZENIO, CYRAMZA, OLUMIANT, LARTRUVO; 22/03/2018 – ABBVIE INC – ROVA-T DEMONSTRATED SINGLE AGENT RESPONSES IN ADVANCED SCLC PATIENTS; 17/04/2018 – LUPIN GETS TENTATIVE FDA APPROVAL FOR GENERIC ANDROGEL

Brant Point Investment Management Llc decreased its stake in Ptc Inc (Put) (PTC) by 72.1% based on its latest 2018Q3 regulatory filing with the SEC. Brant Point Investment Management Llc sold 129,205 shares as the company’s stock declined 14.96% with the market. The hedge fund held 50,000 shares of the prepackaged software company at the end of 2018Q3, valued at $5.31M, down from 179,205 at the end of the previous reported quarter. Brant Point Investment Management Llc who had been investing in Ptc Inc (Put) for a number of months, seems to be less bullish one the $10.80B market cap company. The stock decreased 2.78% or $2.6 during the last trading session, reaching $91.02. About 767,234 shares traded. PTC Inc. (NASDAQ:PTC) has risen 36.93% since March 4, 2018 and is uptrending. It has outperformed by 36.93% the S&P500. Some Historical PTC News: 06/03/2018 UNION PACIFIC SAYS PTC IMPLEMENTATION IS HURTING TRAIN SPEED; 26/04/2018 – UNION PACIFIC PLANS TO FILE ALTERNATIVE SCHEDULE FOR PTC; 18/04/2018 – PTC INC PTC.O – SEES FY’18 LICENSE AND SUBSCRIPTION BOOKINGS $455 MLN -$475 MLN; 18/04/2018 – PTC INC. SEES 3Q REV. $310M TO $315M, EST. $308.5M; 16/05/2018 – PTC INDIA 4Q NET INCOME 643.7M RUPEES, EST. 667.0M; 17/05/2018 – BSE Mumbai Bourse: Results from PTC India for Apr 01 to Mar 31; 18/04/2018 – PTC 2Q Rev $307.9M; 30/03/2018 – The Wrap: Even PTC Likes `Roseanne’ Now: `Seems Like a Winning Formula,’ Group President Says; 17/05/2018 – PTC Continues Competitive Momentum with New and Expanded Creo Customers; 18/04/2018 – PTC INC. 2Q ADJ REV $308.2M, EST. $302.9M

Since November 29, 2018, it had 0 insider purchases, and 5 selling transactions for $21.78 million activity. Schumacher Laura J sold $8.81 million worth of stock. CHASE WILLIAM J sold $5.40 million worth of AbbVie Inc. (NYSE:ABBV) on Wednesday, December 12. Shares for $3.82M were sold by Gosebruch Henry O on Thursday, November 29.

Investors sentiment decreased to 0.82 in Q3 2018. Its down 0.12, from 0.94 in 2018Q2. It fall, as 60 investors sold ABBV shares while 637 reduced holdings. 107 funds opened positions while 466 raised stakes. 994.12 million shares or 0.91% less from 1.00 billion shares in 2018Q2 were reported. Sns Financial Gru Lc invested 0.21% of its portfolio in AbbVie Inc. (NYSE:ABBV). Arcadia Investment Management Corp Mi, Michigan-based fund reported 70,171 shares. Calamos Wealth Ltd Llc accumulated 0.64% or 54,419 shares. Schmidt P J Investment Mgmt invested in 78,641 shares or 2.11% of the stock. Fifth Third Bancorp holds 0.78% or 1.29 million shares in its portfolio. Benin Management Corp reported 5,850 shares. Renaissance Grp Llc stated it has 0.24% of its portfolio in AbbVie Inc. (NYSE:ABBV). Cape Cod Five Cents Bancorporation owns 27,189 shares. Summit Fincl Strategies reported 0.27% of its portfolio in AbbVie Inc. (NYSE:ABBV). Catalyst Advisors Ltd Co has 0.01% invested in AbbVie Inc. (NYSE:ABBV) for 2,758 shares. 25,075 were reported by Bluecrest Management. Guinness Atkinson Asset Mngmt invested 0.16% of its portfolio in AbbVie Inc. (NYSE:ABBV). Moreover, Barton Invest Mgmt has 0.13% invested in AbbVie Inc. (NYSE:ABBV) for 8,994 shares. Paloma Partners Management accumulated 182,555 shares. Winch Advisory Service Limited Liability Corp holds 5,269 shares.

More notable recent AbbVie Inc. (NYSE:ABBV) news were published by: Seekingalpha.com which released: “Teva settlement with FTC resolves all litigation – Seeking Alpha” on February 19, 2019, also Seekingalpha.com with their article: “Voyager up 16% premarket on AbbVie deal – Seeking Alpha” published on February 22, 2019, Seekingalpha.com published: “FDA accepts AbbVie’s marketing application for upadacitinib for RA – Seeking Alpha” on February 19, 2019. More interesting news about AbbVie Inc. (NYSE:ABBV) were released by: Seekingalpha.com and their article: “Raymond James bullish on Teva after Q4 report – Seeking Alpha” published on February 14, 2019 as well as Seekingalpha.com‘s news article titled: “Painkiller stocks in the red on possible Purdue bankruptcy – Seeking Alpha” with publication date: March 04, 2019.

Brant Point Investment Management Llc, which manages about $798.12M and $1.05 billion US Long portfolio, upped its stake in Gardner Denver Hldgs Inc by 35,000 shares to 70,918 shares, valued at $2.01M in 2018Q3, according to the filing. It also increased its holding in Keycorp New (NYSE:KEY) by 181,648 shares in the quarter, for a total of 285,548 shares, and has risen its stake in Ameriprise Finl Inc (NYSE:AMP).

PTC Inc. (NASDAQ:PTC) Institutional Positions Chart

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