What Does Insider Trading Tell Us About Incyte Corporation (INCY)?

Lloyd Doyle
January 13, 2018

It has outperformed by 56.14% the S&P500.

Augustine Asset Management Inc increased its stake in Hsbc Holdings (Hsbc) (HSBC) by 14.71% based on its latest 2017Q3 regulatory filing with the SEC. Following the completion of the transaction, the insider now owns 20,752 shares in the company, valued at approximately $2,051,750.24. The rating was maintained by Barclays Capital with "Overweight" on Friday, February 12. The stock increased 0.77% or $0.4 during the last trading session, reaching $52.15. 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. CIT Group Inc. (NYSE:CIT) has risen 46.21% since January 11, 2017 and is uptrending. It has outperformed by 15.26% the S&P500. Tower Research Capital LLC TRC lifted its stake in shares of Incyte by 13.8% in the 2nd quarter. Fmr Lc accumulated 96.55M shares. It also reduced its holding in Versartis Inc.

Since August 1, 2017, it had 1 insider purchase, and 9 selling transactions for $325,377 activity. $88,715 worth of stock was sold by Flannelly Barry P on Wednesday, September 13. Also, insider David W. Gryska sold 3,915 shares of the stock in a transaction on Thursday, November 2nd. Shares for $263,875 were sold by Stein Steven H on Tuesday, August 29. Trower Paul sold $375,750 worth of Incyte Corporation (NASDAQ:INCY) on Thursday, August 3. Alexandria Cap Ltd Com holds 0% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 32 shares. Franklin Street Inc Nc holds 0.08% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 4,000 shares. A 18 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of INCY or, if they already own its stock, sell it. Therefore 83% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained it with "Buy" rating and $130 target in Wednesday, August 5 report. On Monday, September 11 the stock rating was upgraded by Raymond James to "Buy". That's a potential 42.5 increase relative to where Incyte Corporation (NASDAQ:INCY) has been trading recently. The stock of Incyte Corporation (NASDAQ:INCY) has "Buy" rating given on Friday, August 5 by Suntrust Robinson. Credit Suisse initiated the stock with "Outperform" rating in Monday, January 23 report.

ATR value of the company was 2.96 and Relative Strength Index (RSI) was 55.73. Jefferies maintained the stock with "Hold" rating in Friday, December 1 report. Credit Suisse initiated the stock with "Outperform" rating in Monday, January 23 report.


Investors sentiment increased to 1.04 in 2017 Q3. Its up 0.02, from 1.02 in 2017Q2.

Several other institutional investors have also bought shares of the company.

BLACKROCK INC. raised its stake in Time Inc. Shares for $2.80 million were sold by SWAIN PAULA J on Thursday, August 31. X Management Com Limited Liability Com holds 0.04% or 11,523 shares in its portfolio. Insiders own 17.70% of the company's stock. Sumitomo Mitsui Asset Mngmt stated it has 10,574 shares or 0.01% of all its holdings. Quantres Asset Mngmt Ltd reported 15,300 shares. 4,309 are held by Bb&T. Principal Gp invested in 0% or 8,627 shares. Brown Brothers Harriman & reported 13 shares or 0% of all its holdings. Shares of INCY have downtrended -12.11% in the past three months, while the S&P 500 has moved -19.1% in that time. (NYSE:EPAM) or 13,427 shares. Vident Advisory Ltd Limited Liability Company holds 0.07% or 9,752 shares. Geode Capital Management Ltd Liability Com reported 1.83M shares. Burt Wealth Advsrs has 0.17% invested in Incyte Corporation (NASDAQ:INCY) for 2,188 shares. Manning & Napier Ltd Liability Corp stated it has 1.07% of its portfolio in Incyte Corporation (NASDAQ:INCY). Profund Advisors Ltd holds 0.01% or 2,347 shares. Therefore 94% are positive. The firm has "Hold" rating by Wells Fargo given on Tuesday, December 19. Evanston Investments Inc Dba Evanston Advisors bought 33,995 shares as the company's stock declined 14.05% while stock markets rallied. The company was downgraded on Friday, May 12 by Deutsche Bank. (NYSE:CIT) to report earnings on January, 30. BTIG Research maintained the stock with "Buy" rating in Tuesday, July 25 report. The rating was maintained by Argus Research with "Buy" on Tuesday, August 18. When we look at the Volatility of the company, Week Volatility is at 2.07% whereas Month Volatility is at 1.59%. Sun Life Financial INC lifted its stake in shares of Incyte by 9,069.2% in the 2nd quarter. Its down 0.10, from 0.79 in 2017Q2. It dived, as 19 investors sold EPAM shares while 56 reduced holdings. 43 funds opened positions while 72 raised stakes. Shufro Rose Com Ltd Liability reported 1.42M shares. American Century Cos Inc holds 0% or 10,181 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.01% invested in Darden Restaurants, Inc. (NYSE:KR) for 101,548 shares. Comstock Elizabeth J had sold 24,693 shares worth $633,375 on Wednesday, August 9. Washington Trust Fincl Bank has 794 shares for 0.01% of their portfolio. Omega Advsrs holds 100,000 shares or 0.45% of its portfolio.

Shares of Incyte Co. Meeder Asset Management invested in 3,398 shares. (NYSE:CIT). Pomelo Cap Limited Liability Co stated it has 0.08% of its portfolio in CIT Group Inc.

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